SpaceX to launch biggest IPO in history
At its Initial Public Offering (IPO) on June 12, Elon Musk’s SpaceX is aiming to raise $75 billion – the biggest IPO of all time – and with a potential valuation of over $2 trillion, eclipsing Aramco’s $1.7tn in 2017
SPACEX
Revenue $19.3bn
Price-to-sales ratio >100
Starship: Reusable rocket to send 100 people to Mars
Starlink: Satellite network providing internet connectivity to 9 million users, seeking approval for 1 million orbital AI datacentres
Falcon Heavy
Can carry 16,000kg payload to Mars
xAI: Including X and Grok AI large language model
Estimated Total Addressable Market: $28.5tn. $22.7tn to xAI includes $1.25bn/month agreement to power Anthropic
TOP 10 GLOBAL IPOS ($bn)
IPO this size could draw liquidity from financial markets
SpaceX (2026)
Market capitalisation at IPO $1.75-$2.0tn
75
Aramco (2019) $1.7tn
25.6
Alibaba (2014) $175bn
21.8
Softbank (2018) $64bn
21.3
NTT Mobile (1998) $76bn
18.1
Visa (2008) $34bn
17.9
AIA (2010) $31bn
17.8
Enel (1999) $55bn
16.5
Meta (2012)
$104bn
16.0
GM (2010)
$62bn
15.8
Sources: Bloomberg, Motley Fool
© GRAPHIC NEWS