SpaceX preparing IPO that could top $2 trillion valuation
Business
SpaceX is reportedly gearing up for an IPO that could top $2 trillion, potentially the biggest stock market debut ever, beating out Saudi Aramco's 2019 record.
The company is hoping to raise about $75 billion and is already chatting with investors to see how much buzz there is.
SpaceX valued $1.25T after xAI acquisition
SpaceX's value shot up to $1.25 trillion after snapping up xAI, and its rocket launches and Starlink satellite broadband business are expected to generate close to $20 billion in revenue in 2026.
Musk wants to use the IPO funds for some wild ideas: think AI data centers in space and even a factory on the moon, with big banks like Goldman Sachs and Morgan Stanley helping make it happen.