SpaceX, Elon Musk’s rocket company, has reportedly submitted a confidential IPO filing with the Securities and Exchange Commission, moving closer to what is expected to be a record-breaking public offering.
According to confidential sources, the company may pursue a valuation of $1.75 trillion, aiming for a June listing.
Founded by Musk in 2002 to develop and operate reusable rockets, SpaceX has become NASA’s largest launch partner after the agency ended its space shuttle program in 2011.
The company merged with Musk’s xAI in February, forming a combined entity that he valued at $1.25 trillion at the time.
CEO and principal shareholder Elon Musk is anticipated to hold the majority of voting shares once the details are disclosed. This development could further increase Musk’s wealth, who is already recognized as the world’s wealthiest individual.
SpaceX was valued at $800 billion, and xAI at $230 billion during their most recent funding round in January.
By CEO NA Editorial Staff
