SpaceX plans $75B IPO, set to surpass Saudi Aramco’s record

SpaceX has confidentially filed a draft registration statement with the SEC for an initial public offering (IPO) targeting approximately $75 billion in proceeds, which would surpass Saudi Aramco's 2019 record of $29 billion. The company is reportedly aiming for a valuation of around $1.75 trillion at listing, a figure that would make it the first company to publicly list with a valuation over $1 trillion. The IPO is tentatively eyed for June 2026, subject to market conditions, and is expected to be managed by major banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley. Notably, SpaceX may allocate up to 30% of IPO shares to individual investors. The funds raised are intended to support Starship's launch cadence, Starlink's global expansion, and lunar base infrastructure development, with NASA already a customer for the Artemis program's Human Landing System.

(Source：Crypto Briefing)