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SpaceX Aims for Historic $75 Billion IPO, Potentially Making Musk a Trillionaire

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SpaceX has announced plans to raise $75 billion in an initial public offering (IPO), which would value the company at approximately $1.77 trillion. The IPO is set to launch on Friday, with the sale of 555.6 million shares priced at $135 each. This move marks the largest IPO in history, surpassing Saudi Aramco's previous record. Elon Musk, who owns half of SpaceX, will maintain significant control post-IPO, holding 82.4% of the voting power. The funds raised will support SpaceX's ambitious goals in space exploration and artificial intelligence, reflecting Wall Street's growing interest in these sectors.

Key Details: • IPO scheduled to begin trading on Friday. • Shares priced at $135 each, totaling 555.6 million shares for sale. • Musk's stake could value at $841 billion if shares trade at the IPO price. • Funds will support SpaceX's space exploration and AI initiatives.

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