With SpaceX, Elon Musk launches the most spectacular IPO ever
SpaceX's IPO is projected to be one of the largest in history, with an expected valuation between $1.75 trillion and $2 trillion. The company aims to raise $80 billion, significantly surpassing previous records. Elon Musk's potential earnings could make him the first person with a personal fortune exceeding $1 trillion if certain ambitious goals are met.
- ▪SpaceX's IPO could surpass the 2019 IPO of Saudi Aramco, which was valued at $1.8 trillion.
- ▪The company is seeking to raise $80 billion, far exceeding Aramco's $26 billion.
- ▪Musk could earn $550 billion if he establishes a human colony on Mars with at least one million inhabitants.
Opening excerpt (first ~120 words) tap to expand
The giant SpaceX Starship rocket before a test flight from Starbase (Texas), May 20, 2026. ERIC GAY/AP The initial public offering (IPO) of SpaceX, the space firm founded by Elon Musk, is shaping up to be one of the most spectacular ever: the largest ever, with an expected valuation between $1.75 trillion and $2 trillion, which could surpass the 2019 IPO of Saudi oil giant Aramco at $1.8 trillion; the biggest capital raise, with a projected $80 billion sought from the market, far beyond Aramco's $26 billion; and the deal that is expected to make its founder, Musk, the first person on the planet with a personal fortune exceeding $1 trillion.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Le Monde (EN).
Discussion
0 commentsMore from Le Monde (EN)
