Musk's SpaceX targets valuation of more than $2 trillion in IPO - Bloomberg
With this capitalization, SpaceX would be more expensive than Tesla, which is also headed by Elon Musk
Space launch leader aims to become the sixth most capitalized public company / Photo: Graham L. Smith / Shutterstock.com
Elon Musk's space company SpaceX has raised its target value for its IPO to more than $2 trillion, sources told Bloomberg, as the company, considered the world's most expensive startup, prepares for potentially the largest offering in history.
SpaceX, along with its advisers, will be calling an expected valuation of more than $2 trillion to potential investors, agency sources say. Meetings with investors to assess demand will likely include additional details to justify the valuation, it notes.
At this valuation, the value of SpaceX will grow by almost two-thirds in just a few months. In February, according to Bloomberg, after the acquisition of xAI, the combined company was valued at $1.25 trillion. At $2 trillion, SpaceX will be second in capitalization to only five companies in the S&P 500 index - Nvidia, Apple, Alphabet, Microsoft and Amazon. At the same time, it will surpass, for example, Meta Platforms and Tesla, currently part of the "Magnificent Seven" IT giants. Tesla is also led by Musk.
"SpaceX is a leader in launching rockets and providing communications and broadband access from low-Earth orbit, and its merger with xAI and planned IPO support investments in larger rockets and space data centers," Bloomberg Intelligence analysts George Ferguson and Wayne Sanders said. - The company's core revenue continues to come from launches and Starlink - it's approaching $20 billion in 2026, while xAI will likely generate less than $1 billion. launches and Starlink are well ahead of the competition."
SpaceX this week confidentially filed paperwork for an IPO that could take place as early as June. According to Bloomberg, SpaceX's IPO could raise as much as $75 billion, which would significantly surpass the largest offering in history - Saudi Aramco's $29 billion IPO in 2019.
SpaceX's listing could be the first in a series of major IPOs this year, followed by artificial intelligence developers OpenAI and Anthropic, whose chatbots compete with Grok, an xAI product.
This article was AI-translated and verified by a human editor
