Record-Scale SpaceX IPO Set to Shake Wall Street

Elon Musk-owned SpaceX is preparing for one of the biggest initial public offerings (IPO) in Wall Street history. The company has already completed its IPO filing and is expected to debut next month under the ticker symbol “SPCX.” SpaceX’s valuation is estimated at around $1.25 trillion, making it one of the most valuable private companies heading into the public markets.

Musk, who holds a significant stake in SpaceX, could potentially become the world’s first trillionaire following the listing. His holdings in the company alone are estimated to exceed $600 billion. SpaceX reportedly generated $18.6 billion in revenue last year but posted a net loss of $4.9 billion, with total assets worth $102 billion and liabilities of $60.5 billion. Meanwhile, OpenAI, the parent company of ChatGPT, is also preparing for a major IPO, with private investors valuing it at around $850 billion, signaling one of the largest public offerings in the tech sector.