SpaceX files for largest IPO in history, reveals plans for 10,000 rockets a year
SpaceX has filed for an initial public offering (IPO) that could make Elon Musk the world's first trillionaire. The company is valued at approximately $1.25 trillion and aims to raise between $40 billion and $80 billion from the IPO. This would set a record for the largest IPO in history, surpassing the previous record held by Saudi Aramco.
- ▪SpaceX is seeking to raise between $40 billion and $80 billion in its IPO.
- ▪The company is valued at approximately $1.25 trillion after its merger with xAI.
- ▪Elon Musk is expected to retain about 42 percent of SpaceX after the IPO.
Opening excerpt (first ~120 words) tap to expand
SpaceX files for largest IPO in history, with potential to make Elon Musk the world's first trillionaireABy Andrew ThorpeTopic:Company NewsThu 21 May 2026 at 5:28pmThu 21 May 2026 at 5:28pmThu 21 May 2026 at 5:28pmSpaceX's Super Heavy booster rocket rolls past its production facility in Texas on Monday. (Reuters: Steve Nesius)In short:Elon Musk's space exploration company SpaceX, which also owns Starlink and xAI, has filed to go public after being valued at $US1.25 trillion ($1.75 trillion)earlier this year.The move could make Mr Musk the world's first trillionaire, less than a year after he became the first person in the world to amass $US500 billion in wealth.What's next?SpaceX's IPO, which is reportedly seeking to raise about $US80 billion, is set to go live as early as the middle of…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).