SpaceX is reportedly preparing for an initial public offering (IPO) that could occur as soon as June 12, according to sources. The company is expected to announce its intention to go public as early as next Wednesday, followed by an IPO roadshow starting on June 4 to attract investors. The share sale is anticipated to take place no later than June 11.
Earlier this year, SpaceX filed the necessary paperwork for the IPO, targeting a launch in late June or early July. The company plans to raise up to $75 billion, seeking a valuation of $1.75 trillion. BlackRock is reportedly considering a significant investment between $5 billion and $10 billion for SpaceX’s IPO.
SpaceX has been expanding its ambitions, filing a plan in January to launch a million satellites to create an “orbital data center.” CEO Elon Musk indicated in February a shift in focus toward building a lunar city rather than colonizing Mars. Additionally, SpaceX acquired Musk’s other venture, xAI, earlier this year, which may contribute to its high valuation.
