World's largest IPO: Elon Musk moves to take SpaceX public for $1.75 trillion

SpaceX has taken a giant leap towards the stock market as Elon Musk aims to turn his cosmic ambitions into a multi-trillion dollar reality.

According to sources familiar with the matter, the aerospace giant has confidentially filed for an initial public offering (IPO) in the United States, a Reuters report says.

This move could potentially create the largest stock market listing in history, surpassing the record set by Saudi Aramco in 2019.

The valuation of the company is expected to hit $1.75 trillion. This follows a strategic merger between SpaceX and xAI, the artificial intelligence startup founded by Musk.

By combining rocket technology with the Grok chatbot developer, the conglomerate aims to dominate both Earth and orbit.

WHAT IS THE VALUATION OF SPACEX IPO?

The massive $1.75 trillion dollar figure is largely driven by the success of Starlink. The satellite internet venture currently boasts nine million subscribers and provides critical communication infrastructure during global conflicts.

Analysts suggest that Starlink will be the primary engine for recurring revenue, making the high valuation defensible to investors.

WILL SPACEX BUILD DATA CENTRES IN SPACE?

One of the most futuristic goals mentioned in the filing involves placing artificial intelligence data centres in orbit.

SpaceX has sought permission to launch up to one million solar-powered satellites to act as orbital data hubs.

This would allow computing tasks to be moved off the planet, potentially solving energy consumption issues on Earth.

HOW DOES MUSK CONTROL HIS COMPANIES?

While the IPO will allow public investment, Musk is expected to maintain firm control through a dual-class share structure.

A dual-class share structure is a corporate setup where a company issues two or more types of shares with different voting rights.

Founders or executives hold shares with superior voting rights (10 votes per share), while the public holds shares with limited or no voting rights, ensuring insiders retain control despite having lower equity ownership.

This setup allows the billionaire to raise billions in capital while keeping his voting power intact.

Investors remain keen on “Muskonomy” despite concerns about the leader overseeing multiple massive enterprises like Tesla and Neuralink.

The company plans to hold an “Analyst Day” on April 21 to discuss financial models.

This listing comes at a pivotal time as Nasa launched the Artemis 2 mission, which will see four astronauts fly around the Moon.

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