SpaceX is set to launch the biggest public listing in history, propelling Elon Musk's wealth into the stratosphere. The firm plans to raise $75 billion from new investors, valuing the company at up to $1.75 trillion.
Musk's ambitions go beyond sending astronauts into space. He plans to build the infrastructure to secure the future of human life beyond Earth, including colonizing Mars and asteroid mining.
The IPO has raised concerns about Musk's control over the company, with a special dual-class share structure giving him over 80% of the voting power. This has drawn criticism, with some arguing that it makes him unfireable as CEO.
The listing will also create enormous wealth for early backers and executives, with some set to see their shares exceed $1 billion in value.
Wall Street is gearing up for what could be the largest IPO in history, with Goldman Sachs acting as the lead underwriter.
However, the IPO filing also warns of the very real dangers SpaceX faces, including radiation, micrometeoroids, and human injury or death.
