SpaceX plans to debut on public markets June 12, targeting a $75 billion raise and a $1.8 trillion valuation.
SpaceX will launch its initial public offering on June 12 under the ticker SPCX, seeking to raise $75 billion. If successful, the offering would surpass Saudi Aramco’s $29.4 billion IPO in 2019, making it the largest in history.
The company aims for a $1.8 trillion market capitalization, positioning it among the world’s top 10 most valuable firms. SpaceX’s Starlink division, its sole profitable arm, generated $11.4 billion of its $18.7 billion total revenue last year, with $1.2 billion in net income.
Starlink’s revenue surged 50% year-over-year, underscoring its role as the primary growth driver for the aerospace and satellite communications giant.