SpaceX is moving forward with plans for an initial public offering (IPO) that could raise far more than 30 billion dollars, according to people familiar with the matter. Such a haul would comfortably eclipse the £22 billion ($29 billion) achieved by Saudi Aramco in 2019, currently the largest IPO on record.
The company, led by Elon Musk, is said to be targeting an overall valuation of around £1.1 trillion ($1.5 trillion), according to a report by Bloomberg. If achieved, this would push SpaceX close to the oil giant's market valuation at its listing and firmly establish it as one of the most valuable publicly traded companies in the world.
