SpaceX is reportedly pursuing a confidential initial public offering (IPO), which could surpass all previous public listings in the United States, potentially valuing the aerospace firm at over $1.75 trillion. This information emerged from a Bloomberg report citing unnamed sources, stating that the company submitted its IPO documents to the US Securities and Exchange Commission. The IPO could be finalized as soon as June.
Should the offering proceed as anticipated, SpaceX aims to generate up to $75 billion, significantly eclipsing the previous record debut set by Saudi Aramco, which raised $29 billion in 2019. The company is also considering a dual-class share structure, granting Musk and other insiders enhanced voting rights. Up to 30% of shares are expected to be available for individual investors.
Later this month, briefings for prospective investors will be conducted by SpaceX executives. Additionally, the company holds 8,285 Bitcoin, valued at over $565 million, on its balance sheet, having recently transferred its holdings to a new wallet address.