SpaceX, the sprawling company targeting the stars, Mars and an IPO
SpaceX, founded by Elon Musk in 2002, aims to revolutionize space travel with plans for the largest IPO in history. The company is targeting a valuation of US$1.77 trillion and plans to raise US$75 billion through the sale of over 555 million shares. Despite past challenges, SpaceX has become a dominant force in the space industry, with ambitious goals including colonizing Mars.
- ▪SpaceX announced plans for the largest IPO in history, aiming to raise US$75 billion.
- ▪The company has a total valuation of US$1.77 trillion and plans to sell over 555 million shares at US$135 each.
- ▪SpaceX has become a major NASA contractor and has developed partially reusable rockets.
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SpaceX, the sprawling company targeting the stars, Mars and an IPOSign up now: Get ST's newsletters delivered to your inboxSpaceX announced on June 3 it was aiming for lift-off of the largest IPO in history.PHOTO: AFPPublished Jun 04, 2026, 09:00 AMUpdated Jun 04, 2026, 09:00 AMNEW YORK – Entrepreneur Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies on the neighbouring planet.Today the rocket company is sprawling – a major NASA contractor and satellite internet provider, it has also absorbed Musk’s AI start-up, which owns the social media site formerly called Twitter.With a regulatory filing on June 3, the rocket and tech company announced it was aiming for lift-off of the largest IPO in history, raising US$75 billion (S$96 billion)…
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