The Largest IPO in History, Musk Poised to Become the World's First Trillionaire

BlockBeats News, June 4th, SpaceX announced that it will conduct its first initial public offering (IPO) later this month, planning to issue 5.56 billion shares at $135 per share, with a maximum fundraising of $750 billion. This implies a valuation of approximately $1.77 trillion, poised to surpass Saudi Aramco's 2019 record of $26 billion raised, becoming the largest IPO in history.

According to the latest prospectus, Musk holds 5.22 billion Class B shares and owns 82.4% of the voting rights. Based on the current valuation, his personal wealth is expected to increase by about $223 billion, surpassing a total of $1 trillion, becoming the world's first "trillionaire."

Financial data shows that SpaceX had a revenue of $18.7 billion last year but operated at a loss of $2.6 billion. The losses have continued to widen earlier this year. The company plans to use the proceeds from the IPO for AI and rocket business infrastructure expansion, as well as the development of the Starlink satellite network.

The prospectus also outlined long-term goals such as building a Mars permanent settlement with at least a million residents and projected potential AI business revenue of $26.5 trillion in the future. Additionally, the market expects that Anthropic and OpenAI will follow SpaceX in triggering a new wave of AI giant listings.

SpaceX will debut on the NASDAQ under the stock ticker "SPCX," with trading expected to commence as early as next week.