Musk fires starting gun on record SpaceX IPO with rocket firm tipped for a $1.75trn valuation
Elon Musk’s rocket firm SpaceX has confidentially filed for what could become the biggest stock market listing ever.Reports suggest the company, now merged with Musk’s artificial intelligence (AI) start-up xAI, could be valued at more than $1.75 trillion (£1.3 trillion).SpaceX already dominates the space sector, and operates the Starlink satellite system that offers internet access to far-flung locations as well as in war zones and for citizens cut off from the web by oppressive regimes.But its ambitions under Musk – the world’s richest man and boss of electric car maker Tesla – go further as it seeks to put people back on the moon and looks to explore Mars.Central to its plans is putting AI data centres in space. SpaceX is hosting analyst sessions this month and in May ahead of its initial public offering (IPO), Reuters news agency reported.The Texas firm could seek to raise more than $50billion (£38billion), surpassing the 2019 flotation of Saudi Aramco, which remains the largest IPO on record. Going up? Reports suggest Elon Musk's rocket firm SpaceX now merged with his artificial intelligence start-up xAI, could be valued at more than $1.75trnMarket participants are expecting strong demand from retail and institutional investors. Other high-profile start-ups, including ChatGPT maker OpenAI and rival Anthropic, are also said to be considering large market debuts.Companies can submit IPO documents to regulators privately, giving them time to address feedback and refine disclosures away from public scrutiny.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
Share or comment on this article:
Musk fires starting gun on record SpaceX IPO with rocket firm tipped for a $1.75trn valuation
