SpaceX Reportedly Works With 21 Banks on June IPO at $1.75 Trillion Valuation
According to reports, SpaceX is briefing potential investors for an IPO now said to target a valuation above $2 trillion, with Saudi Arabia’s Public Investment Fund considering a reported $5 billion stake.
Summary
New reporting says SpaceX is targeting an IPO valuation of more than $2 trillion and is briefing potential investors ahead of meetings in the coming weeks. The update adds that Saudi Arabia’s Public Investment Fund is reportedly considering a $5 billion investment in the offering. This builds on earlier reports of a possible June listing, a confidential filing, and potential fundraising of up to $75 billion, while reinforcing the higher valuation range cited in more recent coverage.
Terms & Concepts
- IPO: Initial public offering, the process through which a private company lists shares on a public exchange for the first time.