Will SpaceX's IPO fund life on Mars — and a trillionaire?
Key takeaways
- Space X is launching history's biggest public listing, propelling Elon Musk's wealth into the stratosphere.
- https://p.dw.com/p/5E4p SSpace X is expected to trade on the Nasdaq from mid-June Image: Dado Ruvic/Illustration/REUTERSAdvertisement Elon Musk has a habit of turning science fiction into reality.
- The company, which has stayed fiercely private for 24 years, is now preparing to go public.
Why this matters: an international story with cross-border implications worth tracking.
Space X is launching history's biggest public listing, propelling Elon Musk's wealth into the stratosphere. DW explores whether the firm's out-of-this-world ambitions are truly cosmic or another black hole for investors.
https://p.dw.com/p/5E4p SSpace X is expected to trade on the Nasdaq from mid-June Image: Dado Ruvic/Illustration/REUTERSAdvertisement Elon Musk has a habit of turning science fiction into reality. From reusable rockets to autonomous electric vehicles and humanoid robots, the billionaire's ventures often achieve what was once thought impossible. With SpaceX's initial public offering (IPO), he's aiming for even bigger milestones.
The company, which has stayed fiercely private for 24 years, is now preparing to go public. In an S1 filing to US regulators on Wednesday, which runs to hundreds of pages, SpaceX plans to raise roughly $75 billion (€64.5 billion) from new investors, which would value the company at up to $1.75 trillion.