SpaceX plans $75 billion IPO, largest stock debut on record

SpaceX said it plans to raise as much as $75 billion when it goes public this month, an amount that would eclipse any previous initial public offering.

The rocket company did not disclose additional details about pricing, share allocation, or the exact timing of the offering beyond describing it as occurring this month.

Musk, SpaceX's founder and majority shareholder, would see his personal wealth increase significantly if the company achieves the stated valuation. Financial analysts have discussed scenarios in which such a valuation could position Musk as the world's first trillionaire, though that outcome would depend on market performance and his stake in other companies including Tesla and X.

SpaceX has launched numerous satellites, cargo missions, and crewed flights to the International Space Station since its founding in 2002. The company's Starship vehicle, designed for missions to the moon and Mars, has undergone multiple test flights in recent years.

The company has expanded its operations to include Starlink, a satellite internet service, and has secured contracts with the U.S. military and space agencies. SpaceX has raised funding through private investment rounds but has not previously sought public shareholders.

The announced offering would rank as the largest IPO in stock market history by dollar amount, surpassing the previous record held by Saudi Aramco's 2019 debut, which raised approximately $29.4 billion.