Elon Musk-led SpaceX seeks to raise $75 billion in a record-setting IPO, targeting a $2 trillion valuation amid mixed profitability and governance concerns.
SpaceX has filed for an initial public offering aiming to raise $75 billion at a valuation nearing $2 trillion, potentially the largest IPO in history. The move follows years of speculation and recent reports confirming the company’s plans to go public, led by CEO Elon Musk.
The filing highlights challenges in valuing SpaceX, which combines profitable satellite operations with high-risk ventures like rocket development and AI expansion. Investors face uncertainty over Musk’s ability to scale the business, given its reliance on unproven technologies and ambitious growth targets.
Governance disclosures reveal Musk will retain 85.1% of voting power through a dual-class share structure, raising concerns about shareholder protections. The structure grants Class B shareholders 10 votes each, consolidating control under Musk’s leadership.