SpaceX could file publicly for the IPO as early as Wednesday, with a roadshow kicking off on June 4, the report said. The prior timeline put the IPO near the end of June.
The company had already filed confidentially and is seeking to raise up to $75 billion at a valuation of $1.75 trillion. That would surpass the current record holder for the biggest IPO ever: Saudi Aramco, which $29 billion raised at a $1.7 trillion valuation in 2019.
Since its founding in 2002, SpaceX has taken over the market. It claimed more than 80% of global rocket launches last year and has over 10,000 Starlink satellites in orbit, providing space-based internet connections to businesses and militaries.
SpaceX is a top launch provider for NASA and the Pentagon, which is also looking to the company to help develop President Donald Trump’s “Golden Dome” missile-defense shield.
“It’s a truly unique business with the deepest moat that exists today,” an investor told the Financial Times. “This company launches over 90% of Western payload into space each year. It’s like if you own the only undersea cable from the U.S. to Europe, it’s the only way you can get internet.”
Nobody has yet to beat Falcon 9 on price, and that’s before Starship undercuts Falcon 9.