Industry Odisha Bureau, May 16: Having reportedly grown up from “a relative underdog” in the space industry to “an aerospace behemoth”, USA-based SpaceX, owned by globally-acclaimed business tycoon Elon Musk, is said to be planning to go public by launching its Initial Public Offfering (IPO) for the first time.
International news agencies have reported that, “SpaceX seeks to raise as much as $75 billion at a valuation o more than $2 trillion deemed to be the largest IPO of all time.”
It has also been reported that “Musk’s company aims to kick off its much-awaited IPO from June first week this year.”
Media reports added that “SpaceX has opted for America’s first fully electronic stock exchange National Association of Securities Delaers Automated Quotations (NASDAQ) for launching its ambitious IPO listed under stock ticker SPCX.”
Notwithstanding that, neither Elon Musk nor his aerospace behemoth SpaceX nor NASDAQ have officially confirmed such a significant decision or development, clarify media reports.
Notably, world’s richest man Elon Musk is the CEO of ‘Tesla’ (maker of electric cars, solar panels & home batteries) and ‘SpaceX’. Founded in 2002, SpaceX has remarkably grown up from its booming rocket-launch business to satellite-based ‘Starlink’ internet broadband service, acquiring world-renowned social media platform ‘Twitter’ (its brand name now popular as ‘X’), and last but not the least, SpaceX officially acquired ‘xAI’ in February 2026.
Read More: SEC’s Twitter Lawsuit: X-Owner Musk’s “Revocable Trust To Pay $1.5 Mn Penalty”
