Elon Musk's SpaceX rushes toward the largest IPO in history, planning to raise up to $75 billion.

On Wednesday, sources revealed that SpaceX, the aerospace and satellite company founded by Tesla CEO Elon Musk(TSLA.US), is considering setting the fundraising size at around $75 billion, far exceeding earlier market expectations.

Reports say SpaceX has discussed with potential investors the possibility of raising more than $70 billion. If this is ultimately finalized, this scale would not only be significantly higher than the earlier expectation of around $50 billion, but would also greatly refresh the global IPO record, far above Saudi Aramco’s $29 billion historic record high set in 2019.

As for the timetable, SpaceX still plans to advance its IPO in June this year, but the specific timing still has room for adjustment. The company may submit the IPO application confidentially as early as this month at the fastest, but there are still variables in the final plan.

In terms of valuation, market expectations are also attracting attention. Insiders said SpaceX’s valuation in the IPO could exceed $1.75 trillion. Previously, after the company acquired Elon Musk’s AI startup xAI, the combined entity’s valuation had reached about $1.25 trillion.

If the $1.75 trillion valuation is used, SpaceX’s market value would place it among the top ranks of global companies, just behind NVIDIA(NVDA.US), Apple(AAPL.US), Google’s parent company Alphabet(GOOG.US,GOOGL.US), Microsoft(MSFT.US), and Amazon(AMZN.US), as well as a few other technology giants, and would also exceed Meta(META.US) and Tesla.

Analysts point out that if SpaceX successfully completes an IPO of such scale, it would not only become a milestone event for the capital markets, but would also further strengthen its leading position in the commercial spaceflight and satellite internet sectors.

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