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Elon Musk’s aerospace and satellite company SpaceX has reportedly submitted paperwork for an initial public offering, signaling a potential landmark moment for capital markets, as the company edges closer to what could become the largest stock market debut in history.
According to a Bloomberg report, the company has confidentially filed draft registration documents with the U.S. Securities and Exchange Commission, allowing it to refine its proposal before public disclosure.
SpaceX’s anticipated public listing could rank it among the most highly valued U.S. companies, approaching the valuation of Saudi Aramco at its record-setting $29 billion IPO. The company is aiming for a valuation above $1.75 trillion, with the offering potentially raising up to $75 billion.
Another Bloomberg report cited SpaceX’s plans to channel proceeds into expanding its Starship rocket program, scaling orbital launch frequency, and investing in space-based data infrastructure. The company is also advancing long-term goals that include establishing a lunar presence and eventually enabling human missions to Mars.
The company’s transformation following its integration with Musk’s artificial intelligence venture, xAI, has shifted its identity from a launch-focused business into a broader technology and infrastructure platform.
By combining its launch capabilities with Starlink’s satellite network and xAI’s computing power, the company is building a vertically integrated system designed to support global connectivity and artificial intelligence workloads.
Analysts call the IPO a rare, transformative opportunity poised to reshape investment markets.
On March 26, Eric Mandl, senior managing director at Guggenheim Securities, emphasized the offering’s exceptional nature and strong investor interest, noting that few companies have sparked similar demand and that its strong structure and leadership make a successful outcome highly probable.
SpaceX may adopt a dual-class share structure, potentially allowing insiders to retain major control after listing, the report said.
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