SpaceX Trading Debut Will Be "Craziest IPO" Ever, Investors Claim

Investors welcomed reports that SpaceX is mulling a potential initial public offering that would help fund Elon Musk’s Mars ambitions and value the rocket and satellite company at more than $1 trillion.

SpaceX's IPO may come as early as June. (Photo: SpaceX X)

Some investors have been waiting for years to buy into the company, Ross Kerber, Echo Wang, and Joey Roulette reported for Reuters.

SpaceX is looking to raise more than $25 billion in an IPO that could come as early as June, a person familiar with the matter told Reuters.

Though the business is high-risk and capital-intensive, demand for shares from retail investors is expected to be “substantial,” Shay Boloor, chief market strategist for Futurum Equities Research, said in an interview.

“It’s going to be the craziest IPO in the history of the stock market. If it’s trying to go for $1.5 trillion, I wouldn’t be surprised if it goes to over $2 trillion once it opens,” Boloor said.

SpaceX CEO, chief designer, and founder Musk’s well-documented unorthodox management style and anti-establishment rhetoric are not a deterrent, investors and analysts said.

Of the five companies Musk currently leads — including infrastructure firm The Boring Company and artificial intelligence startup xAI, which also owns X — his oversight of the only publicly traded one, electric vehicle maker Tesla, has been fraught with civil fines and clashes with regulators.

Musk once called U.S. Securities and Exchange Commission officials “bastards” after they stripped him of his role as Tesla’s chairman and restricted his social media use over his 2018 tweet claiming he had “funding secured” to take the company private.