SpaceX is preparing for an IPO: Musk’s company could be valued at over $1 trillion
This is according to The New York Times.
The company had previously discussed the possibility of moving towards an IPO around June, with Musk hoping to raise $50 billion or more through the listing.
SpaceX values itself at more than $1 trillion and could become one of the most valuable companies to go public since Saudi Aramco’s debut in 2019, when the energy giant was valued at $1.7 trillion. Ultimately, Aramco raised over $29 billion during its IPO.
The SpaceX listing could signal a wave of massive IPOs, as artificial intelligence firms OpenAI and Anthropic are also exploring the possibility.
SpaceX: what is known about the company
SpaceX, founded by Elon Musk in 2002 with the aim of sending humans to Mars, has grown into one of the world’s leading space companies. From the very beginning, Musk has said that SpaceX’s ultimate mission is to make humanity a multi-planetary species so that life can continue if something were to happen to Earth.
Since then, SpaceX has launched rockets into space and created the popular satellite internet service Starlink. The company’s clients include the US federal government, the Ukrainian military and many others. In the United States, SpaceX accounts for five out of every six space launches, according to data from Georgetown University’s Centre for Security and Emerging Technology.
In February, Musk merged SpaceX with his artificial intelligence company, xAI. SpaceX now comprises Starlink, xAI’s chatbot Grok, Starship – a vertical-landing rocket designed for Mars – and X.
