Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, a blockbuster offering potentially ranking among the largest ever. Sources familiar with the filing indicate the company has boosted its target IPO valuation above $2 trillion.
The offering could make its founder the world’s first trillionaire and is gearing up to become the biggest stock market listing on record.
The company aims to raise a record-breaking $75 billion through the IPO, exceeding previous mega-IPOs like Saudi Aramco and Alibaba. The exact amount SpaceX plans to raise has not been officially disclosed, but reports suggest it could reach as much as $75 billion.