SpaceX's Trillion-Dollar IPO: Game-Changer for Space Tech
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
SpaceX, led by Elon Musk, is set to make history with its initial public offering (IPO), potentially valuing the company at over one trillion seven hundred fifty billion dollars. This could be the biggest IPO ever, surpassing Saudi Aramcos record from 2019. SpaceX has acquired xAI, an AI outfit, for one trillion two hundred fifty billion dollars, and has lined up major banks to lead the deal. The company expects revenue from rocket operations and Starlink to reach nearly twenty billion dollars by 2026, with xAI contributing under one billion. SpaceX is considering a dual-class share setup to give insiders extra voting control and plans to allocate thirty percent of shares to retail investors. This IPO could be a game-changer for space technology, with moon bases and Mars dreams on the horizon.
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