Report: SpaceX eyes IPO at $1.75T–$2T valuation, could raise as much as $75B

SpaceX is said to be pressing ahead with plans for an initial public offering that could raise up to about $75 billion, at a targeted valuation of roughly $1.75 trillion to $2 trillion, according to CoinDesk. People familiar with the matter said the company may submit IPO paperwork as soon as next week, potentially by next Wednesday. That would be followed by the customary investor disclosures covering financials, corporate structure, governance, and principal risks. The listing is expected to be on Nasdaq under the proposed ticker "SPCX," with a potential debut date of June 11 or June 12, subject to change. SpaceX has also approved a 5-for-1 stock split. The split process is expected to start during the week of May 18 and wrap up around May 22. Stock splits typically lower the per-share price and can support issuance and trading logistics. The reported underwriting group includes Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs. The deal is also said to feature tighter insider control measures, including supervoting rights and arbitration clauses. Elon Musk is not expected to sell SpaceX shares ahead of the offering and is expected to retain strong voting control. Additional details would be confirmed in the company's official filings. Key terms cited in the report: - Target proceeds: up to about $75 billion - Valuation range: about $1.75 trillion to $2 trillion - Exchange/ticker: Nasdaq, reportedly "SPCX"