SpaceX Plans Historic IPO Valued At $1. 5 Trillion, Sparking Curiosity Over Musk’s Change Of Heart

In a move that has left many in the industry abuzz, SpaceX, the pioneering space exploration company founded by Elon Musk, is poised to take a dramatic turn by going public. According to multiple reports, including those from The Wall Street Journal, The Information, and Bloomberg, SpaceX is planning to raise tens of billions of dollars through an initial public offering (IPO) next year.

This development marks a significant departure from Musk’s long-held stance on taking the company public, a decision that has sparked intense curiosity among investors and industry observers alike. The proposed IPO is expected to value SpaceX at a staggering $1. 5 trillion, potentially allowing the company to raise in excess of $30 billion. To put this into perspective, the largest IPO in history, that of Saudi Aramco in 2019, raised $29 billion. As the world’s leading space company, with a dominant presence in launch, space-based communications, and other areas, SpaceX’s attractiveness to public investors is undeniable.

The allure of unlimited growth in the space sector has long been a siren song for investors, and SpaceX is poised to capitalize on this trend. So, what prompted Musk to reconsider his stance on taking SpaceX public?