Elon Musk's SpaceX is planning a massive stock market listing by initial public offering (IPO), which could be one of the biggest ever in history. The company aims for a valuation of nearly $1.77 trillion, making it one of the most valuable companies in the world.
SpaceX plans to sell about 555.6 million shares in the IPO, with each share priced at around $135, raising around $75 billion, the largest IPO fundraising ever recorded.
The IPO would also beat Saudi Aramco's 2019 listing, which raised $26 billion at a $1.7 trillion valuation. Elon Musk owns about 42% of SpaceX, and this IPO could push him closer to becoming the world's first trillionaire.
Despite huge ambitions, SpaceX is still not profitable and has recorded large losses. However, experts say SpaceX is very different from Saudi Aramco because Aramco already has strong profits, while SpaceX is still focused on future growth.
Analysts believe SpaceX could even reach a $2.2 trillion market value on its first trading day if investor demand is strong. The IPO is being seen as a major test of investor trust in Musk's long-term vision rather than current financial performance.
