Elon Musk's SpaceX is preparing to file paperwork for what could become the largest initial public offering in history as soon as this week, according to people familiar with the matter, accelerating plans for a potential June debut that would value the rocket and satellite giant at more than $1.75 trillion.
The move, reported by The Information on Tuesday and echoed across major outlets, marks a dramatic shift for the 24-year-old company long resistant to public markets. Advisers involved in preparations expect SpaceX to seek more than $75 billion in fresh capital, dwarfing the previous record set by Saudi Aramco's $29.4 billion listing in 2019.
