TechFlow News, June 4: According to CBS News, SpaceX announced plans to conduct its initial public offering (IPO) this month, aiming to issue over 555 million shares at $135 per share, potentially raising up to $75 billion. If successful, the IPO would value SpaceX at $1.77 trillion—surpassing Saudi Aramco’s $26 billion IPO in 2019 and setting a new record for the largest IPO in history.
The company’s prospectus reveals that Elon Musk will hold 5.22 billion Class B shares endowed with super-voting rights, granting him 82.4% of the company’s voting power. Analysts estimate that, based on the $1.77 trillion valuation, Musk’s personal net worth would increase by $223 billion, potentially making him the world’s first “trillionaire.”
Financial and planning disclosures indicate that SpaceX reported $18.7 billion in revenue last year but incurred an operating loss of $2.6 billion; losses have continued to widen early this year. The company intends to allocate IPO proceeds toward expanding infrastructure for its AI and rocket businesses, strengthening the Starlink network, and even advancing its long-term goal of establishing a colony of at least one million people on Mars.
Additionally, Dan Ives, an analyst at Wedbush Securities, expects Tesla and SpaceX may merge next year. Meanwhile, SpaceX views AI as central to its future, projecting potential AI-related revenue of up to $26.5 trillion. Market analysts believe SpaceX’s listing could pave the way for other AI giants, including Anthropic and OpenAI.
SpaceX reportedly plans to begin trading on the Nasdaq as early as next weekend under the ticker symbol “SPCX.”
