SpaceX plans to file its fastest public offering next week, aiming to raise over $70 billion.

BlockBeats News, May 15 — According to CNBC, SpaceX plans to publicly release its IPO prospectus as early as next week, aiming to kick off a global roadshow on June 8 and officially pitch the deal to investors. The company secretly filed its IPO application earlier this year in April.

This IPO could become the largest one in history. In February, SpaceX and Elon Musk’s AI company xAI completed a merger. After the merger, the combined entity was valued at $1.25 trillion. Reports say the company’s target amount of fundraising is about $70 billion to $75 billion, more than double the record set by Saudi Aramco in 2019. The expected valuation for SpaceX’s IPO has risen from $1.75 trillion to $2 trillion.

Under regulations, the prospectus must be made public at least 15 natural days before the roadshow begins, but SpaceX and its advisors hope to disclose it earlier so that investors have more time to digest the financial data. Given the unprecedented scale of this stock sale, SpaceX’s advisory team is seeking special sales channels, especially for retail investors outside the U.S. who are more inclined to hold long term. This includes engaging with brokers in countries such as the United Kingdom, Japan, and Canada to secure allocation shares for their clients. Affected by this news, satellite and space concept stocks such as Redwire, AST SpaceMobile, and Rocket Lab jumped by 22.08%, 10.96%, and 6.77%, respectively, on the 14th.