SpaceX files to go public, paving way to make Elon Musk first trillionaire

Company has captured public attention through vast network of satellites and focus on space exploration.The space exploration company SpaceX has taken steps to sell its shares to the public for the first time, which could set the stage for one of the largest initial public offerings (IPOs) in modern history.The news could also put founder Elon Musk on the path towards becoming the world’s first trillionaire.Recommended Stories list of 3 itemslist 1 of 3US jury finds Elon Musk misled investors during Twitter purchaselist 2 of 3Dutch court bans xAI’s Grok from generating nonconsensual nude imageslist 3 of 3What is NASA’s Artemis II Moon mission, and when will it launch?end of listNews reports on Wednesday stated that the company quietly filed for an IPO, which could take place as soon as June or July. The company’s stock market listing is expected to bring in as much as $75bn.“Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX’s valuation could very much fluctuate wildly based on how much the public believes in Musk’s vision,” Angelo Bochanis, a data and index associate at the company Renaissance Capital, told the news service Reuters.“So far, investors seem to be clamouring for any sort of exposure to SpaceX.”The company’s space and satellite business has attracted attention from investors for years.Currently, SpaceX is considered the most valuable privately held company in the world, particularly after its February merger with another Musk venture, the artificial intelligence firm xAI.Musk has also made ambitious pronouncements about the company’s future, with goals of putting a base on the Moon and even sending humans to Mars.It is unclear whether some of those more extravagant goals will proceed according to their previously announced timelines.Last year, for example, Musk doubled down on his goal of sending an uncrewed mission to Mars by the end of 2026, though he acknowledged there was a 50-50 chance he would not succeed.