SpaceX Eyes $1.75T IPO, Topping Saudi Aramco
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
SpaceX aims for a record-breaking IPO, potentially valuing the company at over $1.75 trillion. Led by big banks, the offering could raise up to $75 billion, surpassing Saudi Aramcos debut. SpaceX considers a dual class stock setup, reserving up to 30% for everyday investors. The companys value surged after merging with Elon Musks xAI, with revenue from rocket launches and Starlink internet projected to reach $20 billion by 2026. SpaceX has secured over $24.4 billion in U.S. government contracts since 2008, fueling NASA, Air Force, and Space Force projects. The IPO could position SpaceX ahead of OpenAI and Anthropic in the next tech rush.
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