What Happened
Historic Listing May Exceed $2 Trillion Valuation
SpaceX’s looming IPO is set to create a new wave of billionaires, with its valuation potentially exceeding $2 trillion, making it the largest company ever to go public. Investors and employees are preparing for the windfall, with some already setting up family offices and making plans for their newfound wealth. The IPO is expected to spur innovation, much like the PayPal sale did in 2002, and may create a ripple effect of new companies and industries, according to analysts, as reported by the New York Post.