Elon Musk’s space exploration company, SpaceX, has reportedly taken the first steps to sell its shares to the public for the first time. This could lead to one of the largest initial public offerings (IPOs) in history, potentially paving the way for Musk to become the first trillionaire in the world. Reports state that the company quietly filed for an IPO, which could take place as soon as June or July.
Elon Musk’s SpaceX is going public for the first time
In a rather surprising development, Elon Musk’s SpaceX has reportedly filed for an IPO, which could take place as soon as June or July. This would see the company go public for the first time. It could also lead to one of the largest initial public offerings in recent history, paving the way for Elon Musk to become the first trillionaire in the world.
The company’s stock market listing could bring in as much as $75 billion (via Al Jazeera).
Angelo Bochanis, a data and index associate at the company Renaissance Capital, said, “Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX’s valuation could very much fluctuate wildly based on how much the public believes in Musk’s vision (via Reuters).” He added, “So far, investors seem to be clamouring for any sort of exposure to SpaceX.”
The company’s goals and business have drawn the attention of investors for years. It is currently the most valuable privately held company in the world. Elon Musk has interesting plans for the company in the future. His goals include putting a base on the moon and sending humans to Mars. Musk also proclaimed that he would send an uncrewed mission to Mars by the end of 2026, though he had hinted that there was a high chance of failure in the project.
However, SpaceX has still made some big leaps in the past years. The success of Starlink is one of the many achievements.
While Musk remains a polarising figure, especially with his close ties with controversial President Donald Trump, there continues to be ample interest in his company.
Originally reported by Sourav Chakraborty on Mandatory
The post Elon Musk’s Next Move With SpaceX Might Make Him a Trillionaire appeared first on Reality Tea.
Fonte: Leia a matéria original
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