SpaceX, the aerospace company founded by Elon Musk, is planning to file its initial public offering (IPO) application with the US Securities and Exchange Commission next week. The company aims to raise up to $80 billion and has a target listing on the Nasdaq electronic stock exchange in June, with a valuation of approximately $1.75 trillion.
SpaceX is aiming for a listing on the Nasdaq electronic stock exchange in June, with a valuation of approximately US$1.75 trillion. NEW YORK: SpaceX will file its initial public offering application with the US Securities and Exchange Commission next week, a source close to the matter told AFP on Thursday.
The aerospace company had already filed an initial document in early April, but confidentially, a standard first step in the process leading to a listing. The second version is expected to reveal to the public, for the first time, some of the company's financial statements and details about its operations.
According to several media outlets, the company is aiming for a listing on the Nasdaq electronic stock exchange in June, with a valuation of approximately US$1.75 trillion, and hopes to raise up to US$80 billion. Observers expect this IPO to shatter the record set on the US market in 2014 by China's Alibaba, which raised US$21.7 billion.
Globally, the highest-valued brand currently belongs to the Saudi Aramco oil group, with a market capitalisation of US$25.6 billion in 2019 on the Jeddah Stock Exchange in Saudi Arabia. SpaceX has immense capital requirements. It is engaged in space projects, including its new Starship rocket, but also in the development of the Starlink satellite internet network, the giant Terafab chip factory, and advanced AI models.
Founded in 2002 by Elon Musk, who remains its CEO and principal shareholder, the group also includes artificial intelligence startup xAI and the social network X, formerly Twitter.
Spacex Initial Public Offering Nasdaq Valuation Elon Musk AI Models Starlink Satellite Internet Network Terafab Chip Factory
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Old money, new scandals: Viu to release upcoming revenge thriller ‘The Season’ this JuneKUALA LUMPUR, May 13 — Several hit series have explored the struggles and corruption hidden beneath the glamour of the upper class, with The White Lotus among the most prominent...
Read more »
S&P 500, Nasdaq end at records as oil prices retreatTraders viewed Donald Trump's and Xi Jinping's talks as a potential pathway towards resolving the US-Iran conflict.
Read more »
European and US stock markets climb, with new all-time highs for S&P 500 and NasdaqEuropean and US stock markets climbed Thursday, with Wall Street indices notching fresh records as a tech-fuelled rally rolled on while Chinese leader Xi Jinping welcomed US President Donald Trump in Beijing. Cisco Systems surged 13.4% after lifting its earnings report, while semiconductor startup Cerebras piled on 68.2% in its debut session on the Nasdaq. The sentiment remains predominantly bullish, said Briefing.com analyst Patrick O'Hare.
Read more »
Sawda Hasbullah Aiming for World Record at Youth Bike Race in BelgiumSawda Hasbullah, a promising Malaysian cyclist, has set a big goal of breaking the world record in the Youth Bike Race World Championships in Belgium on August 19-23, 2026. She aims to improve her time especially in the 1km time trial event after breaking the world record in the 1km time trial event at the 2025 Youth Bike Race in Apeldoorn, Netherlands.
Read more »