SpaceX Reportedly Targets Valuation In Excess Of $2 Trillion In Its IPO

• If current valuation expectation is achieved it will be bigger than all but five technology giants in the S&P 500 Index — Nvidia Corp., Apple, Alphabet., Microsoft Corp. and Amazon.com Inc.
• Deliberations are ongoing and details of the offering could still change, the report further said. 
• SpaceX IPO is seen as part of the three major IPOs that the capital market is expecting to see this year. The other two include OpenAI and Anthropic. 

Elon Musk’s SpaceX is reportedly targeting more than $2 trillion in its much anticipated initial public offering in the United States. 

Billionaire Elon Musk’s rocket, satellite and AI company and its advisers are floating the figure to prospective investors in its initial public offering, Bloomberg News reported, citing people familiar with the matter. The so-called testing-the-waters briefings would likely include more detail that would support the valuation, the report added. 

If current valuation expectation is achieved it will be bigger than all but five technology giants in the S&P 500 Index — Nvidia Corp., Apple, Alphabet., Microsoft Corp. and Amazon.com Inc.

Deliberations are ongoing and details of the offering could still change, the report further said. 

More Details

SpaceX has filed confidentially for an IPO that could take place in June, Bloomberg had earlier reported. 

SpaceX IPO is seen as part of the three major IPOs that the capital market is expecting to see this year. The other two include OpenAI and Anthropic. 

SpaceX IPO could raise as much as $75 billion, that is leaps and bounds ahead of the previous biggest IPO of Saudi Aramco’s $29 billion debut back in 2019. The company would use the funds to fund Musk’s vision of AI data centers in space and a factory on the moon.

The company has lined up a call with the broader bank syndicate on Monday, and there will be an analyst briefing later in April, the report further stated. 

Retail sentiment around SpaceX trended in ‘extremely bullish’ territory amid ‘extremely high’ message volume.