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Spacex Targets $1.5T Valuation In IPO That Could Become The Biggest Listing Ever: Report
(MENAFN- AsiaNet News)
SpaceX is reportedly pressing ahead with preparations for an initial public offering that aims to raise well over $30 billion positioning it to surpass Saudi Aramco's 2019 listing as the largest in history.
The company is seeking a valuation of about $1.5 trillion for the overall business, placing it close to Aramco's market value at the time of its record $29 billion float, according to a Bloomberg report.
SpaceX and its advisers are working toward a potential listing window in mid-to-late 2026, although market conditions could push the deal into 2027, according to the report.
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