SpaceX Files for U.S. IPO, Valuation Target at $1.75 Trillion
Billionaire Elon Musk’s SpaceX has confidentially filed for an initial public offering (IPO) in the U.S., seeking a valuation of approximately $1.75 trillion. The company aims to raise between $50 billion and $75 billion, which, if successful, would position SpaceX as the sixth-largest public company in the U.S., surpassing Tesla.
In 2022, SpaceX generated an estimated $15 billion to $16 billion in sales, with around $8 billion in profit. The planned IPO could raise more than twice the $29.4 billion achieved by Saudi Aramco in its record-setting IPO six years ago. However, analysts have raised concerns about SpaceX’s high valuation, Musk’s overpromising leadership style, and the capital-intensive nature of its projects.
