&imwidth=800&imheight=600&format=webp&quality=medium "Biggest-ever IPO in history: Musk's SpaceX aims to raise $75 billion at $1.765 trillion valuation")
Elon Musk-led SpaceX is aiming to raise around $75 billion through an initial public offering (IPO), according to a regulatory filing released on Wednesday (June 03). The proposed share sale would value the rocket and satellite company at approximately $1.765 trillion, making it one of the world's most valuable companies.
SpaceX said it plans to offer 555,555,555 shares at an initial price of $135 per share. With nearly 13 billion shares outstanding, the company would achieve a valuation of about $1.765 trillion if the IPO moves forward.
The offering would comfortably surpass the current record for the largest IPO, held by Saudi Aramco, which raised $25.6 billion when it went public in 2019.
Founded in 2002, SpaceX has grown into a leading player in the global space industry and is widely credited with reshaping commercial spaceflight. A key part of the company's success has been its focus on reusable rocket technology.
Through its Falcon 9 programme, SpaceX pioneered the routine recovery and reuse of rocket boosters, helping lower launch costs and increase the frequency of missions. The company has successfully landed and reused Falcon 9 boosters more than 600 times.
Trending Stories
)
US Mint releases $1 coins featuring Donald Trump, priced up to $154.50
)
Chaos in Ukraine's Kyiv: Zelensky calls shootout between spy services 'absolutely shameful'
)
J&K medical interns continue fourth-day protest, demand stipend hike to ₹30,000
&im=FitAndFill=(700,400))
How the Su-30MKI flies up to 8,000 kilometres using mid-air refueling
)
Beginning of the end? More glacial lake outbursts threaten millions in India, Nepal and China
)
No selfies with God, no reels inside: Tamil Nadu CM bans smartphones in temples | Gravitas
)
Earth-Theia collision created the moon in just 5 hours, study shows
)
ISRO EOS-05 launch: GSLV to lift heaviest payload in its 25-year flight history
)
Houthis target Yemen with ballistic missiles, Yemeni army downs several drones
)
Bangladesh batter Towhid Hridoy creates history with 350 not out in South Africa
)
Pakistan faces growing hunger crisis amid rising food insecurity
)
Who is Aditi Paudel? 17-year-old becomes Japan's first literacy ambassador
)
The Odyssey star Elliot Page opens up about struggling to land his next acting role after starring in Christopher Nolan film
)
Belgium, latest EU state cautioned by India over arms for Pakistan; gets assurances from Brussels
)
Harry Potter and the Philosophers' Stone: New trailer reveals fresh look at Hogwarts, sorting ceremony and iconic moments to life
)
India's data centre boom: AI boom fuels $31.6 trillion data race
)
Nigerian Navy discovers 99,000 litres of suspected stolen, illegally refined products as it intensifies anti-crude oil theft operations
&im=FitAndFill=(700,400))
Why the glass canopy on the Su-30MKI has a distinct golden tint
)
Rubio on Modi-Pezeshkian meeting: 'No country should help Iran evade sanctions'
)
Husband uses secret camera to record wife’s affair, wins divorce case, ends up in jail for spying
)
Nepal floods: 1,204 dead, 4,216 missing as tearful relatives pray for the missing
)
High Xylitol levels in blood linked to cardiovascular risk
)
Trump says he’s ‘happy’ Harry and Meghan left US , calls them disrespectful
)
EU and NATO step up pressure on Russia after Germany ‘escalation incidents’
)
Indian Air Force pilot Abhinandan Varthaman, who shot down Pak fighter jet retires, takes up private job
)
EU bans Brazilian meat imports over antibiotic violation rules
)
WION Exclusive: Hasina says she reads father’s unfinished memoir while planning Dhaka return
)
Manipur violence: 25 houses torched in Manipur’s Kangpokpi a day after 10 homes were burnt along Imphal-Tamenglong road
&im=FitAndFill=(700,400))
Why the Su-30MKI uses a giant air brake on its back instead of its wings
)
Man pushes Russian humanoid robot. Watch what happens next
)
At least 2 killed in Minneapolis shooting, suspect also dead
)
Coast Guard jet carrying DHS Secretary Markwayne Mullin makes emergency landing after engine failure
)
Report: Egypt eyes new Rafale F4 deal amid air force modernisation push
)
Pakistanis are eating less. What they are eating instead is even more alarming
First private company to dock with ISS
SpaceX reached another major milestone in 2012 when it became the first private company to dock a spacecraft with the International Space Station (ISS), one year after NASA retired its Space Shuttle programme.
Since then, the company has conducted regular cargo resupply missions to the ISS and expanded its operations across satellite deployment, commercial launches and human spaceflight.
If successful, the IPO would not only set a new fundraising record but also mark another major milestone for Musk's space venture
