Elon Musk’s SpaceX has announced IPO plans, putting it on track to be the first trillion-dollar U.S. market debut. Shares are to be available as early as June and could be the first of many groundbreaking IPOs in the coming months.
This will instantly position SpaceX as one of the most valuable publicly traded companies in the world, a testament to how far it has come since it came to be in 2002 with the launch of Starlink internet satellites. There are also other major ambitions ahead for the company, as indicated in the announcement, related to satellites, AI, and space discovery.
A successful sale could value the company at a record-setting $1.75 trillion USD, which would position Musk to become the first trillionaire in history and enable him to retain 85.1% of the company’s combined voting power, but much of this depends on the success of its next-generation Starship rocket. The launch holds the key to the future of its plans, which includes establishing a permanent human colony on Mars and building space data centres with computing capacity powered by the equivalent of 100 terawatts, or 100,000 one-gigawatt nuclear reactors, as previously reported by Reuters.
