SpaceX aims to raise $75 billion in the largest IPO in history

SpaceX is targeting a valuation of no less than $1.8 trillion in its upcoming initial public offering, according to what Bloomberg News reported, citing sources, in a move that could make the IPO the largest in the history of financial markets.
The company seeks to raise up to $75 billion through the IPO, which could make it the largest initial public offering ever.
Bloomberg reported last April that the company was seeking a valuation exceeding two trillion dollars, but consultations with investors and advisors prompted a reduction in initial estimates, according to Bloomberg News.
According to the sources, the details of the offering, including the subscription size and final valuation, may change before the official pricing based on investor demand and market conditions.
The offering documents submitted by the company on May 20 indicate a major shift in its business model, as it no longer focuses solely on reusable rockets and satellite Internet services, but rather expands towards services and infrastructure related to artificial intelligence.
According to the documents, the company talks about future plans that include orbital data centers, and a potential total market estimated at about $28.5 trillion.
SpaceX is expected to begin officially promoting the IPO starting June 4, with pricing to take place as early as June 11, according to Bloomberg News. However, sources indicated that the schedule may change by several days.
The sources also explained that the company may raise its target evaluation again if investors show strong demand during the marketing phase.