SpaceX is reportedly preparing to go public as early as June 12, with plans to announce its initial public offering (IPO) on June 4, according to Reuters. Sources indicate that the company is accelerating its timeline to attract investors ahead of the planned share sale, which could commence as soon as June 11.
Earlier in the year, SpaceX filed the necessary paperwork for the IPO, aiming for a launch in late June or early July. The company seeks to raise up to $75 billion from the offering and is targeting a valuation of $1.75 trillion.
BlackRock is reportedly contemplating a significant investment of between $5 billion to $10 billion in SpaceX’s IPO, underscoring strong interest from major investors.
SpaceX has been expanding its operations, highlighted by a January application to deploy a million satellites to create an “orbital data center.” Additionally, CEO Elon Musk revealed plans to shift the company’s focus from colonizing Mars to developing a lunar city.
Furthermore, SpaceX acquired Musk’s other company, xAI, earlier this year, which may contribute to its high valuation. The developments come as the company aims to broaden its scope and goals in the rapidly evolving space industry.
