SpaceX heads into a record-shattering IPO with the ‘deepest moat that exists today’ as investors vow to ‘never bet against Elon’

The biggest IPO ever is just a few weeks away as reports say Space X has accelerated its timeline for coming public, and investors are cheering the company’s lofty ambitions. Elon Musk’s rocket and satellite giant, which recently merged with his AI startup, expects to price its IPO as soon as June 11, with a trading debut on the Nasdaq due to follow the next day under the ticker SPCX, sources told Reuters. Before that, Space X could file publicly for the IPO as early as Wednesday, with a roadshow kicking off on June 4, the report said. The prior timeline put the IPO near the end of June. The company had already filed confidentially and is seeking to raise up to $75 billion at a valuation of $1.75 trillion. That would surpass the current record holder for the biggest IPO ever: Saudi Aramco, which $29 billion raised at a $1.7 trillion valuation in 2019. Since its founding in 2002, SpaceX has taken over the market. It claimed more than 80% of global rocket launches last year and has over 10,000 Starlink satellites in orbit, providing space-based internet connections to businesses and militaries. SpaceX is a top launch provider for NASA and the Pentagon, which is also looking to the company to help develop President Donald Trump’s “Golden Dome” missile-defense shield. “It’s a truly unique business with the deepest moat that exists today,” an investor told the Financial Times. “This company launches over 90% of Western payload into space each year. It’s like if you own the only undersea cable from the U.S. to Europe, it’s the only way you can get internet.” At the same time, SpaceX has proposed an unprecedented governance structure that would give Musk nearly unchecked executive power, according to Reuters. And the only person who could fire Musk as CEO is Musk himself. SpaceX seeks to achieve this via super-voting Class B shares, mandatory arbitration, and stricter rules on shareholder proposals. Some changes are tied to ambitious milestones,