Elon Musk’s aerospace company SpaceX has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission, moving closer to what could become the largest public listing in U.S. history. Sources indicate the IPO could be finalized as early as June.
Trillion-Dollar Valuation and Potential Fundraising
SpaceX is expected to target a valuation exceeding $1.75 trillion, surpassing Meta Platforms, Tesla, and Bitcoin. The IPO could raise up to $75 billion, more than double Saudi Aramco’s 2019 record.
The filing follows SpaceX’s acquisition of xAI, competing with AI firms OpenAI and Anthropic. OpenAI recently secured $122 billion, raising its valuation to $852 billion.
SpaceX plans investor briefings this month and is considering a dual-class share structure for insider voting control. Up to 30% of shares may be allocated to individual investors, with support from Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Citigroup.
Bitcoin Holdings and Tokenized Shares
SpaceX holds 8,285 Bitcoin worth over $565 million, recently moved to a new wallet. Trading platforms Robinhood and Kraken explore tokenized shares, while OpenAI and Anthropic plan future IPOs.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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