What Happened
Elon Musk's Space Exploration Technologies Sets Sights On Record IPO
SpaceX is targeting a valuation of at least $1.8 trillion for its upcoming IPO, according to a report by Bloomberg. The company, led by Elon Musk, is seeking to raise as much as $75 billion, which would make the offering the largest IPO on record. Formal marketing of the IPO could begin as early as June 4, with pricing potentially taking place around June 11. SpaceX generated $18.7 billion in revenue in 2025 and plans to list on Nasdaq under the ticker symbol SPCX. This development was first reported by Seeking Alpha.