Elon Musk's SpaceX is preparing for what could become the largest initial public offering in history, with the rocket and satellite giant seeking to raise $75 billion at a valuation of about $1.75 trillion. Investor appetite has been overwhelming, with demand reportedly running at nearly four times the shares on offer, per Reuters.
The listing presents public market investors with a rare opportunity to own a stake in what many view as the crown jewel of Musk's business empire. SpaceX today is far more than a rocket company. Its operations span satellite internet through Starlink, commercial space launches, defence contracts and, increasingly, artificial intelligence infrastructure.
