HAWTHORNE (CNS) – Elon Musk’s Hawthorne-based SpaceX has quietly submitted papers to the U.S. Securities and Exchange Commission for an initial public offering that could potentially raise a record-setting $75 billion, it was reported Wednesday.
Bloomberg News, citing unnamed sources familiar with the matter, reported that the space exploration company could value the IPO as high as $1.75 trillion, possibly raising as much as $75 billion, easily topping the current IPO record of $29 billion, set by Saudi Aramco in 2019.
The SEC filing could lead to a June listing for the IPO, putting it ahead of ahead of anticipated high-dollar IPOs for OpenAI and Anthropic PBC, Bloomberg reported. Details of the proposed SpaceX IPO, including the number and price of shares, are expected to be revealed in later filings with the SEC.
According to Bloomberg, SpaceX has engaged Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley to have roles in the IPO. The company is also working with international banks to handle orders in Europe, the United Kingdom, Canada, Asia and Australia.
SpaceX is known for its prolific rocket-launch business, propelling astronauts and equipment to the International Space Station and developing the Starlink space-based internet service. The company, also known for its pioneering cost-cutting work through the recovery and reuse of rocket boosters, is working with NASA on efforts to establish a base on the moon and send astronauts to Mars.
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