SpaceX plans to conduct the largest IPO in history, and Musk's net worth may surpass one trillion dollars

Deep Tide TechFlow News: On June 04, according to CBS News, SpaceX announced that it plans to hold its first public offering (IPO) this month, issuing more than 555 million shares at $135 per share, with an estimated fund-raise of up to $75 billion. If the listing is successful, SpaceX’s valuation will reach $1.77 trillion, surpassing the $26 billion record set by Saudi Aramco in 2019 and becoming the largest IPO in history.

Its prospectus shows that Elon Musk will hold 5.22 billion shares of Class B stock with super voting rights, controlling 82.4% of the company’s voting power. Analysts note that based on a $1.77 trillion valuation, Musk’s personal net worth will increase by $223 billion, positioning him as the world’s first “trillionaire.”

On financial and planning matters, it was noted that last year SpaceX had revenue of $18.7 billion but an operating loss of $2.6 billion, and losses have continued to widen since the beginning of this year. The company plans to use the funds raised from the IPO to expand infrastructure for AI and rocket businesses, strengthen the construction of the Starlink network, and even mentions a long-term goal of establishing a colonization population of at least one million people on Mars.

In addition, Wedbush Securities analyst Dan Ives expects that Tesla and SpaceX may merge next year. At the same time, SpaceX regards AI as a key focus for the future, and expects related potential revenue to be as high as $26.5 trillion. Market analysts believe that SpaceX’s listing will pave the way for AI giants such as Anthropic and OpenAI.

It is reported that SpaceX plans to list on Nasdaq as early as next weekend under the stock code “SPCX.”