SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire
IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth
TL;DR
- SpaceX plans to raise about $75 billion through its IPO, potentially becoming the largest ever.
- The IPO could make Elon Musk the world's first trillionaire.
- The company will sell 555.6 million shares at $135 each, valuing SpaceX at $1.77 trillion.
- Musk leads Tesla and is not selling SpaceX shares; he will retain 82.4% voting power.
- SpaceX is involved in scaling AI technology, having acquired xAI to support AI energy demands.
- Competitors Anthropic and OpenAI are also preparing for IPOs, with offerings interpreted as capital generation for AI data centers.