THE GUARDIAN: IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth
Space X is seeking to raise about $75bn through its imminent initial public offering, a company filing on Wednesday revealed, which would make it the largest IPO ever.
If the stock market launch – primed for next week – goes accordingly, founder Elon Musk, the world’s wealthiest person, could be poised to make history as the first trillionaire.
The company, formally known as Space Exploration Technologies Corp., said on Wednesday it will sell 555.6m shares at $135 a piece.
The offering would give SpaceX a market value of $1.77tn. Only six companies in the S&P 500 are currently worth more, with Nvidia topping the list at $5.2tn. » | Uwa Ede-Osifo and agencie | Thursday, June 4, 2026
