Elon Musk’s space transport and satellite internet company SpaceX has taken a historic step to become one of the world’s most valuable public companies.
“Elchi” reports that on Wednesday, the company submitted a confidential initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), preparing to sell its shares on the stock exchange.
Details of the IPO and expected valuation
SpaceX’s post-IPO valuation is expected to exceed $1.75 trillion. If this happens, the company will make one of the largest stock market debuts in history.
According to information, the IPO is targeted to take place around June.
The company aims to raise between $50 billion and $75 billion through the IPO. This amount could surpass the IPO record set by Saudi Aramco in 2019.
Elon Musk’s current shares in SpaceX are leading him towards becoming the world’s first “trillionaire.”
Şayəstə