SpaceX plans a record $75 billion IPO on June 12, valuing the company at $1.75 trillion amid 33% annual revenue growth.
SpaceX is set to debut on the Nasdaq Composite on June 12, aiming to raise $75 billion at a $1.75 trillion valuation. The IPO would mark the largest on record, surpassing previous benchmarks in both size and market impact.
The company reported a 33% year-over-year revenue increase to $18.7 billion in 2023, driven by a 32% surge in Starlink satellite internet sales. Starlink’s growth underscores SpaceX’s expanding footprint in global connectivity, though the company also posted a significant loss.
Market expectations center on SpaceX’s ability to sustain momentum, with investors closely watching Starlink’s performance as a key revenue driver.