Elon Musk’s SpaceX plans to go public next year, aiming to raise over $25 billion and achieve a valuation topping $1 trillion. Discussions with banks suggest a potential initial public offering (IPO) in June or July.
Back in 2020, Musk mentioned that SpaceX intended to list Starlink once it reached steady revenue growth. This IPO marks another significant step for SpaceX, already a key player in the space industry.
SpaceX intends to use the funds from the IPO to build space-based data centers. Musk has shown interest in acquiring essential chips for these centers, highlighting the company’s ambition to expand beyond just launching rockets.
According to Bloomberg, SpaceX forecasts revenues of around $15 billion in 2025, escalating to between $22 billion and $24 billion in 2026. Most of this income is expected to come from Starlink, which provides high-speed internet globally.
Interestingly, the IPO would put SpaceX’s valuation in the same league as Saudi Aramco, which debuted at a valuation of $1.7 trillion in December 2019, making it the only company to reach a valuation above $1 trillion in an IPO to date.
Current trends indicate that the private market remains competitive, with SpaceX vying with companies like OpenAI for the title of the most valuable private company.
Overall, the forthcoming IPO reflects the growing significance of space technology in our economy. As more businesses look to the stars, SpaceX’s developments could pave the way for new ventures in this frontier.
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