SpaceX towards Wall Street: 75 billion IPO and 1.75 trillion valuation

SpaceX's race for a stock market listing is getting faster and faster. And now the numbers are beginning to be more defined, for what could soon become the largest IPO in history.

Elon Musk's aerospace company is in fact aiming to raise at least $75 billion in its initial public offering. And after the first meetings with investors, the so-called 'testing the waters', the company has reportedly indicated a target valuation of around $1.75 trillion, greenshoe included (i.e. including the possibility given to the placing banks to sell additional shares if demand exceeds initial expectations).

The numbers, in short, seem to confirm what has already come out in recent days. And they put on track a transaction that would mark a new record for Wall Street. And which would also represent a watershed for the technology IPO market, which has started to heat up again after months of caution.

The roadshow with major investors is scheduled to begin on Thursday 4 June, although sources close to the deal point out that the size of the offer and valuation could still change depending on how the meetings with the market unfold.

In any case, the IPO would offer public investors a rare opportunity to enter directly into the heart of Musk's industrial empire. SpaceX has now become the company that symbolises the South African-born billionaire's ambitions in space, satellite telecommunications and even artificial intelligence. The company's growth has been driven above all by the success of the Falcon reusable launches, contracts with NASA and the expansion of Starlink, the global satellite network that now has millions of users worldwide and has already proved decisive in circumstances such as Ukraine. Around this ecosystem, Musk is building an increasingly integrated strategy between space infrastructure, connectivity and AI. Remaining out of the 'game' is Tesla, which has, however, recently integrated the Grok assistant into the screens of cars.