Elon Musk aims to become the world's first trillionaire: SpaceX to go public as early as June, with a valuation surpassing peers

TechWeb

【TechWeb】According to the latest report from Caixin Media, insiders say that SpaceX, owned by Elon Musk, is accelerating its preparations for a listing. It plans to secretly file its registration statement for an initial public offering (IPO) with regulators later this week or sometime next week. This move marks the start of an official countdown for the listing of the world’s leading commercial space company, with its target set for a listing in June this year. The IPO’s size is expected to be far larger than past offerings, with the potential to challenge the record for the largest IPO in U.S. history—serving as a litmus test for market enthusiasm in subscribing to top-tier technology assets.

The advisory team involved in the preparations estimates that the amount SpaceX may raise in this IPO could exceed $75 billion, well above the market’s earlier expectation of $50 billion. The company’s latest valuation is even as high as $1.25 trillion. This valuation not only keeps SpaceX at the top of the global ranking of private companies, but also puts it on par with—and potentially above—most major players in traditional industries and mainstream technology firms. The final details on the amount raised and the valuation will be finalized in the weeks leading up to the listing.

SpaceX’s $1 trillion-plus valuation is driven by its “in a class of its own” comprehensive strength in the commercial space sector. Technologically, thanks to reusable rocket technology, the company has fully broken through the high-cost barriers of traditional spaceflight. On the business side, its core segment, the Starlink satellite internet service, has already achieved global coverage. It has successfully secured a large volume of civilian, government, and commercial orders, building a stable base of profitability. Meanwhile, the Starship project, which carries the vision of crewed lunar missions and Mars colonization, is advancing steadily; businesses such as commercial satellite launches and space tourism continue to roll out, giving the market highly imaginative growth opportunities.

This listing is intended not only to meet the equity monetization needs of early investors and core employees, but also to inject substantial capital into Starlink’s global expansion and the deep R&D of Starship technologies, further strengthening its position as an industry leader. If the listing proceeds smoothly, SpaceX will officially join the ranks of the world’s top companies by market value. Elon Musk’s personal fortune is also expected to rise accordingly, potentially making him the first “trillionaire” in human history. (Suky)

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