SpaceX IPO To Be Largest Ever? Elon Musk Targets $1.75 Trillion Valuation In Blockbuster Public Issue

Tech billionaire Elon Musk filed papers for the upcoming initial public offering of his rocket and satellite giant SpaceX, which is likely to be the largest IPO in history. The blockbuster public issue is expected to raise a record $75 billion at a valuation of roughly $1.75 trillion, placing SpaceX among a handful of the world's elite kilocorn companies. The IPO filing delivers a rare mix of hard financial data and bold ambitions of exploring the frontiers of space, according to news agency Reuters.

In its filing, SpaceX acknowledged the risk, warning that many of its initiatives depend on technologies that are either nascent or do not yet exist, and may never become commercially viable. Since SpaceX has no obvious public market peer, the projections may be treated as a necessary part of the pitch rather than a flaw, according to the report.