Dec 9 : Elon Musk’s SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion and target a valuation of about $1.5 trillion, Bloomberg News reported on Tuesday.
SpaceX’s management and advisers are pursuing a listing as soon as mid-to-late 2026, the report said, citing people familiar with the matter. The timing of the IPO could change based on market conditions and other factors, and one of the people said it could slip until 2027.
SpaceX did not immediately respond to a Reuters request for comment.
Media reports last week said the rocket-maker is kicking off a secondary share sale that would value it at $800 billion, pitting it against OpenAI for the title of the most valuable private company. However, Musk on Saturday dismissed the reports, calling them inaccurate.
Source: CNA
