Elon Musk's SpaceX files paperwork for what's likely to be the biggest IPO in history

Business Elon Musk's SpaceX files paperwork for what's likely to be the biggest IPO in history May 20, 20265:27 PM ET By  Maria Aspan ,  Geoff Brumfiel A SpaceX rocket is getting prepared for another attempt to liftoff at NASA's Kennedy Space Center in Cape Canaveral, Fl., on Sept. 9, 2024 . Joe Raedle/Getty Images North America hide caption toggle caption Joe Raedle/Getty Images North America Elon Musk's SpaceX is getting ready to break new records on Wall Street — and make one of the world's wealthiest men even wealthier. The space-launch company filed financial information with regulators to pull off what could be the biggest initial public offering ever in mid-June. Though it did not disclose how much it intends to raise, previous media reports have said SpaceX could raise $80 billion in its IPO. Big tech's next move is to put data centers in space. Can it work? That would make it by far the largest IPO in history — much higher than the $29 billion that Saudi Aramco eventually raised after its 2019. offering. The deal could also value the company at over $1 trillion — making SpaceX one of the most valuable companies in the world, and potentially even worth more than Musk's electric-vehicle company, Tesla. It would also massively enrich Musk, who's already one of the world's wealthiest people and who could become its first trillionaire. The former adviser to President Trump has a controlling interest in the company, according to the documents. Sponsor Message Loading... SpaceX's IPO is a big AI bellwether SpaceX's initial public offering has been expected for months. Earlier this year, the company filed confidential paperwork with the U.S. Securities and Exchange Commission to start the process of selling its shares to the public, the Associated Press and others reported in April. SpaceX's IPO could set off a blockbuster year for Wall Street, which is also anticipating potential IPOs from OpenAI and Anthropic, the makers of ChatGPT and Claude, respectiv...