SpaceX Aims for Record-Breaking IPO

0:00On April 1, SpaceX just filed confidential papers with US regulators, paving the way for what could be the biggest stock offering ever. Sources say they're aiming to go public by July, potentially raising over $75 billion in the process, that would smash the record set by Saudi Aramco back in 2019 when they pulled in $25.6 billion. Cash off acquiring Elon Musk's XAI in early February, SpaceX is now valued at $1.75 trillion, landing it in the top 10. Biggest companies worldwide. Investors are straight up obsessed with Musk's space and AI dreams, so experts think SpaceX can handle any market jitters, even with Middle East. Tensions shaking things up. One strategy is called US Markets the toughest fundraising game, but SpaceX has that unique pull with rockets, satellites, and telecom cash flow. The company rules the launch game with reusable rockets that slash satellite costs, plus they

1:01own the massive Starlink network. Meanwhile, AI giants, open AI and anthropic are eyeing their own IPOs this year, heating up the tech IPO scene. All this public cash could push SpaceX toward quicker profits over wild Mars missions, but with Musk at the helm and investor hype, they're set too. Get Wall Street, National News, powered by AI. This is US News Today. I'm Corey with The Story.