by Coinstrooper Crypto Articles
Quick Take
  • SpaceX submitted a confidential draft Initial Public Offering (IPO) registration to the US Securities and Exchange Commission (SEC).
  • This puts the company on track for a June listing.
  • The filing would position SpaceX as the first of three anticipated mega-IPOs this year, ahead of OpenAI and Anthropic.
  • Follow us on X to get the latest news as it happens

What Happened

The post SpaceX Files for IPO That Could Dwarf Saudi Aramco’s Record appeared first on BeInCrypto.

Market Context

Nonetheless, the path to a June listing is not without headwinds. Equity markets have been volatile due to the US-Iran conflict and elevated oil prices.

Why It Matters

SpaceX could target a valuation above $1.75 trillion. The IPO could raise as much as $75 billion, according to Bloomberg. That would more than double Saudi Aramco’s $29 billion IPO in 2019, which held the record.

Details

SpaceX submitted a confidential draft Initial Public Offering (IPO) registration to the US Securities and Exchange Commission (SEC). This puts the company on track for a June listing.

The filing would position SpaceX as the first of three anticipated mega-IPOs this year, ahead of OpenAI and Anthropic.

Follow us on X to get the latest news as it happens

For context, in a confidential IPO filing, a company can receive comments and feedback from the SEC and make corrections or adjustments before any information becomes public.

According to people familiar with the matter, SpaceX has enlisted Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley for senior roles on the offering.

SpaceX is also weighing a dual-class share structure. This would grant insiders like Elon Musk enhanced voting power.

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