Elon Musk eyes record-breaking Wall Street debut with SpaceX IPO
Key takeaways
- Elon Musk's Space X filed for a stock market debut on Wednesday that could become the largest IPO in history, seeking to raise up to $75 billion at a valuation of as much as $1.75 trillion, according to US media reports.
- If successful, the listing of the rocket and satellite giant would dwarf any IPO in history and cement Musk's status as one of the most consequential entrepreneurs of his generation.
- After the IPO, Musk would be the CEO, CTO, and Chairman of the Board, the filing revealed.
Why this matters: an international story with cross-border implications worth tracking.
Elon Musk's Space X filed for a stock market debut on Wednesday that could become the largest IPO in history, seeking to raise up to $75 billion at a valuation of as much as $1.75 trillion, according to US media reports. Musk would remain CEO, CTO and chairman after the listing.
By: FRANCE 24 Billionaire Elon Musk would keep control of Space X under the filed IPO documents currently under consideration by federal regulators © Brendan SMIALOWSKI, AFP Elon Musk's Space X rocketed toward Wall Street on Wednesday, filing plans for what could become the largest initial public offering in history as the company seeks to raise up to $75 billion on the public markets.
If successful, the listing of the rocket and satellite giant would dwarf any IPO in history and cement Musk's status as one of the most consequential entrepreneurs of his generation.