SpaceX has announced plans to raise up to $75 billion through its upcoming public offering, marking what could become the largest stock market debut in history and positioning Elon Musk closer to becoming the world’s first trillionaire.
The company, officially known as Space Exploration Technologies Corp., said it will sell 555.6 million shares at $135 per share. The offering would value SpaceX at an estimated $1.77 trillion, placing it among the most valuable companies globally—surpassed only by a handful of S&P 500 giants, with Nvidia currently leading at $5.2 trillion.
Beyond the scale of the IPO, the updated prospectus highlights Elon Musk’s continued dominance over the company. As CEO, Chief Technical Officer, and Chairman, Musk’s control will largely come through his 5.22 billion Class B shares, each carrying 10 votes. This structure gives him approximately 82.4% of the total voting power in SpaceX.
Forbes currently estimates Musk’s net worth at around $826 billion, with his SpaceX stake alone valued at $542 billion. If the IPO proceeds as planned, it would surpass Saudi Aramco’s $26 billion listing in 2019, previously the largest in history.
The filing also outlines SpaceX’s long-term ambitions, including plans to support human missions to the Moon and eventually Mars. It even references building a “permanent human colony” on the red planet, reflecting Musk’s vision of safeguarding humanity’s future beyond Earth.
Meanwhile, SpaceX is not the only major tech firm preparing for a market debut. AI companies Anthropic and OpenAI are also reportedly moving toward potential IPOs, signaling a wave of massive listings in the tech sector.
Recent Random Post:
