Elon Musk's SpaceX Has Secretly Submitted IPO Application, Expected to Go Public in June

BlockBeats News, April 1st, Elon Musk's space exploration company SpaceX has secretly filed for an IPO, with plans to go public in June, becoming the first of the potential Big Three super IPOs, ahead of OpenAI and Anthropic. SpaceX may seek a valuation of over $1.75 trillion in the IPO.

According to 1M AI News's previous monitoring, SpaceX is notifying potential IPO investors, expecting to kick off in April after the Easter holiday with investor roadshows led by company executives (testing-the-waters meetings), while secretly filing for an IPO as early as this month. The IPO could raise up to $75 billion, with a valuation potentially reaching $1.75 trillion, surpassing Saudi Aramco's record of around $29 billion in 2019, becoming the largest IPO in history.

In terms of the allocation structure, Musk is considering allocating up to 30% of the shares to retail investors, which is at least three times the conventional 5% to 10% ratio. SpaceX CFO Bret Johnsen has conveyed this plan to Wall Street. Musk's strategy is to rely on a loyal group of individual investors to stabilize the stock price after listing and reduce short-term selling pressure.