It looks like all systems are a go for SpaceX’s initial public offering (IPO), one of the most anticipated IPOs in recent memory.
According to multiple sources, SpaceX has filed plans with the US Securities and Exchange Commission to launch its IPO.
The plan, as we are aware, is to launch the stock sale in June or July, with Elon Musk continuing to hold the majority of voting shares.
The exact cost of the stocks has not been revealed, but many are assuming the company’s valuation will be north of $1 trillion. That valuation comes from PitchBook, which valued SpaceX at $800 billion and xAI at $230 billion back in January. However, per multiple reports earlier this year, SpaceX may seek an even higher valuation, up to $1.75 trillion.
Musk has already confirmed that the stock sale is set to raise cash to help SpaceX pursue its ambitious plans over the next decade. This includes Moon City, a self-sustaining city on the moon with Tesla factories and the potential for a space-based AI data center.
As we get closer to June, we should receive more details, including the number of shares, pricing, and, of course, the specifics of the dual-class shares. To say the least, this IPO is going to be dominating financial circles for the next few months.
Neither SpaceX nor the Securities and Exchange Commission commented on the reports.
