Summary
- SpaceX is expected to file a prospectus with regulators as soon as this week and enter the IPO process.
- The market is said to be raising the possibility that SpaceX’s listing could enable fundraising of $30 billion to $50 billion, and as much as $75 billion.
- SpaceX was valued at $1.25 trillion when it merged with xAI, and the IPO could top Aramco’s $25.6 billion fundraising record.
Forecast Trend Report by Period
SpaceX could start IPO process as soon as this week
Prospectus filing with regulators expected
IPO could raise up to $75 billion, some forecast
SpaceX, the space company led by Elon Musk, could begin its initial public offering (IPO) process as soon as this week. Industry watchers say the listing could raise as much as $75 billion.
AFP reported on the 24th (local time), citing U.S. tech outlet The Information, that SpaceX is expected to file a prospectus with regulators sometime this week or next week. Filing the prospectus is considered the first step in an IPO.
SpaceX is said to be planning a major fundraising through a listing in June. With strong investor demand for tech stocks continuing over the past several months, the market expects proceeds of about $30 billion to $50 billion. Some also raise the possibility that the IPO could secure up to $75 billion.
If that scale materializes, it would also rewrite existing records. Saudi Arabia’s state oil company Aramco set the all-time record by raising $25.6 billion in its 2019 IPO. Observers say SpaceX could surpass that by a wide margin.
The company’s valuation is already seen as astronomical. When SpaceX merged with Musk’s artificial intelligence (AI) company xAI last month, it was valued at $1.25 trillion.
Kim Dae-young, Hankyung.com reporter kdy@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
