Elon Musk’s SpaceX is preparing to file its prospectus for an initial public offering (IPO) with regulators later this week or next, according to a report by The Information citing a source familiar with the plans.
The IPO could potentially raise more than $75 billion, making it one of the largest public offerings in history. While the exact allocation is still being finalized, individual investors may be offered more than 20% of the shares.
Earlier expectations had pegged the IPO at around $50 billion, which would have valued SpaceX at over $1.75 trillion, according to Bloomberg. The new projections suggest even greater market interest and a potentially record-setting debut for the space exploration company.
