Elon Musk’s SpaceX has confidentially filed for an initial public offering (IPO), potentially setting the stage for the largest IPO in history, as reported by Bloomberg. The draft registration submitted to the US Securities and Exchange Commission (SEC) signals a possible June listing. SpaceX, valued at around $800 billion following its merger with xAI, could aim for a valuation exceeding $1.75 trillion during the IPO. The offering may utilize a dual-class share structure, granting Musk greater voting power. Confidential filings allow for regulatory feedback before public disclosure, with details on shares and pricing anticipated later. The IPO could raise up to $75 billion, surpassing Saudi Aramco’s previous record. SpaceX plans to engage potential investors with briefings this month and has enlisted major financial firms, including Goldman Sachs and Citigroup, to manage the IPO process globally. The company earned approximately $8 billion on revenue between $15 billion and $16 billion last year.
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