SpaceX IPO filing shows it aims to raise $80 billion or more in largest share offering in history

Elon Musk's space company is set to go public in record-setting fashion.

SpaceX, the space exploration company founded by Elon Musk, has officially made an IPO (Initial Public Offering) filing to regulators. The filing reveals that the company is seeking to raise $80 billion in funding, which would make it the biggest IPO filing in market history.

The Wall Street Journal reported the news of SpaceX’s IPO filing. As shared by the outlet, an $80 billion in fundraising would be more than double the $29 billion raised by Saudi Aramco, which went public in 2019.

Earlier this year, SpaceX merged with xAI, Elon Musk’s AI company. SpaceX was valued at $1.25 trillion after the merger.

It’s the second IPO-related news to hit today, as we also learned that Sam Altman’s OpenAI was planning to make an IPO filing. To keep up with all of the business news out of the tech industry, Shacknews has you covered.

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