Nigeria: SpaceX to raise $75 billion in June IPO, eyes Mars mission

By Zuleihat Owuiye, Mamos Nigeria

Elon Musk’s SpaceX is set to file for an initial public offering (IPO) in June, aiming to raise a staggering $75 billion for its ambitious space exploration projects, including a spacecraft for Mars. The company, valued at $1.25 trillion in February, dominates the space launch market with its reusable rockets and is owned by Musk alongside investment funds and tech giants like Google’s parent Alphabet.

If successful, this IPO would surpass the largest public offering on record, Saudi Aramco’s 2019 debut, which raised $25.6 billion. Analysts expect increased transparency and pressure for profitability as SpaceX goes public.