Elon Musk's SpaceX preparing for flotation that could value it at over $1tn'

"Elon Musk's space exploration company SpaceX is preparing to list on the stock market next year in a move that could raise more than $25bn (19bn) and value the business at more than $1tn, according to reports. SpaceX, which designs, builds and launches rockets, is said to have started discussions with banks about an initial public offering (IPO). It could join the stock market in about June or July, according to Reuters, which cited an unnamed source familiar with the matter."

"SpaceX could raise significantly more than 30bn, according to a separate report by Bloomberg, which said Musk was targeting an overall valuation of about $1.5tn. Reuters said SpaceX planned to use the funds from the public listing to fund its space-based datacentres, including buying the chips required to run them. The company was expected to make about $15bn in revenue in 2025, rising to between $22bn and $24bn in 2026, Bloomberg reported. Most of this is due to come from Starlink, its internet satellite business."

SpaceX plans an initial public offering next year that could raise more than $25bn and value the company at over $1tn. The company designs, builds and launches rockets and has begun discussions with banks about the listing, with a potential market debut around June or July. Proceeds are intended to fund space-based datacentres and purchase chips to run them. Revenue is expected to reach about $15bn in 2025 and rise to $22–24bn in 2026, driven largely by Starlink, the internet satellite business. Reported valuation targets have ranged up to $1.5tn, and cashflow-positive operations and periodic buybacks provide liquidity for employees and investors.

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