Elon Musk's SpaceX files confidentially for IPO
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Elon Musk's SpaceX confidentially filed for what could be a record-breaking U.S. listing, a person familiar with the matter told Reuters on Wednesday, spotlighting the multi-step process IPO hopefuls typically must navigate before their shares start trading.
SpaceX confidential IPO filing targets June 2026 listing with a potential $1.75 trillion valuation, aiming to raise $75 billion.
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The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco in 2019.
Reports indicate SpaceX is filing its initial public offering (IPO) prospectus as early as this week, and it is projected to raise more than $75 billion. It's likely to be the largest IPO in history.