SpaceX Aims for Record $50B IPO, Potentially Valuing Company at $1.5 Trillion
SpaceX is preparing for what could become the largest initial public offering in history, targeting $50 billion at a staggering $1.5 trillion valuation. The figure WOULD eclipse Saudi Aramco's 2019 record of $29 billion, though sources caution details may shift before finalization.
Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley have been tapped to lead the landmark deal, according to Financial Times reports. The timing coincides with a rare planetary alignment in early June and Elon Musk's late-June birthday—factors reportedly influencing the CEO's unconventional scheduling.
Musk's personal imprint on SpaceX decision-making remains unmistakable. From aggressive production targets to meme-inspired business moves like Tesla's 2018 $420-per-share privatization tease, the billionaire continues to blend celestial symbolism with corporate strategy.