Flotation could see company valued at $1.75tn
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Image: SpaceX
SpaceX, the space company owned by Elon Musk, has quietly filed an application for an initial public offering (IPO) in the United States, according to sources cited by Reuters and Bloomberg.
The move could result in one of the largest stock market flotations ever. Analysts estimate that the company could be valued at more than $1.75 trillion at the time of listing, which would make it a record-breaking IPO.
The IPO will give investors the chance to put money into a company that is a global leader in rocket launches and satellite communications. SpaceX launches more rockets than any of its competitors and plays a major role in projects such as lunar missions and plans for the colonisation of Mars.
A significant part of the company’s value comes from Starlink, the satellite internet network that serves millions of users and provides a stable source of revenue.
The stock market listing also follows the merger with Musk’s AI company xAI, which broadens SpaceX’s ambitions towards artificial intelligence and potentially even data centres in space.
Business AM