Topline
Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire.
Musk could become the world’s first trillionaire following the IPO.
(Photo by Apu Gomes/Getty Images)
Key Facts
Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.7 trillion set by Saudi Aramco in 2019.
The filing states the company will go public this year, but does not have an exact date for the delivery of Class A shares.
This is a developing story. Check back for updates.