SpaceX (SPAX.PVT) Files for IPO, Targeting $75 Billion Raise

SpaceX (SPAX.PVT) has confidentially filed for its IPO, aiming to raise up to $75 billion, according to Bloomberg. The company, valued at $1.25 trillion, may see its valuation rise to $1.75 trillion ahead of the listing. The IPO could permit a dual-class share structure that grants enhanced voting power to insiders, and up to 20% of the offering may be allocated to retail investors. The listing is targeted for June, marking a significant event tied to the growth of SpaceX’s Starlink internet service, which is expected to drive profitability.