Elon Musk’s space exploration company SpaceX has filed confidential papers ahead of a planned public company listing on the US NASDAQ stock exchange.
The initial public offering (IPO) for the company controlled by the world’s richest man is targeting a total valuation of US$2 trillion. Musk plans to list only a small fraction of the company to raise US$75 billion from public investors, which would still make it the largest IPO in history.
So, why is SpaceX planning to go public? And what does the IPO mean for investors who might want a tiny slice of the action?