According to media reports, Elon Musk’s space company SpaceX wants to hold its record IPO on June 12th.
SpaceX wants to collect up to 80 billion US dollars (around 69 billion euros) from investors, wrote the “Wall Street Journal”, citing informed people. This would make it by far the largest IPO. According to information from the financial service Bloomberg, SpaceX is aiming for a valuation of more than two trillion dollars in the share placement.
Musk company essential for US space travel
SpaceX plays a key role in the American space program with its rockets. The company also operates the Starlink satellite internet service. Musk also brought his AI company xAI and the online platform X into SpaceX. According to media reports, the group was valued at a total of $1.25 trillion during this merger.
Musk recently announced that xAI would no longer be an independent company but would market its AI products such as the chatbot Grok under the SpaceXAI brand. The multi-billionaire holds out the prospect of AI data centers in space in the future. The idea is that the sun can provide a lot of energy there and cooling is easier in space. However, skeptics point to problems such as the significant construction costs and radiation that can damage circuits.
Musk, who, among other things, also… Electric car-Manufacturer Tesla leads, is the boss and major shareholder of SpaceX.
Three giant IPOs in 2026?
SpaceX’s IPO could be the first of three mega stock offerings this year. According to reports, ChatGPT developer OpenAI and its competitor Anthropic are also planning IPOs with extremely high proceeds.
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