On May 20, SpaceX filed with the U.S. Securities and Exchange Commission (SEC) key documentation for an initial public offering (IPO) of stock.
An IPO signals that a private company is now selling shares to the public on a stock exchange. SpaceX's long-anticipated move could become the largest IPO in history, perhaps giving a $2 trillion dollar valuation to the company, which will soon be listed on the ticker as SPCX.