According to Bloomberg on May 29, the company's valuation expectations were adjusted following consultations with advisory firms and investors. SpaceX aims to raise up to $75 billion (around 113 trillion won) in this IPO, which would set a record for the largest IPO in history if achieved.
The listing process is expected to begin in early June. The company plans to start official investor marketing as early as June 4 and could set the offering price on June 11. However, the size of the offering and valuation details may change based on market reactions from investors, and the timeline could be delayed by a few days.
In the IPO documents submitted on May 20, SpaceX highlighted its reusable rocket and satellite internet businesses while presenting AI services and infrastructure as new growth areas. The proposal also included plans for an orbital data center and a potential market valued at $28.5 trillion (approximately 4,283.6 trillion won).
The company announced in February that it had acquired Musk's xAI, which owns the chatbot Grok and the social media platform X. Bloomberg reported that this transaction valued SpaceX at $1 trillion (about 1,503 trillion won) and xAI at $250 billion (approximately 376 trillion won).
Financial results showed both revenue growth and a return to losses. In 2025, revenue reached $18.7 billion (around 28.1 trillion won), up from $14 billion (about 21 trillion won) the previous year. The profit of $791 million (approximately 1.19 trillion won) in 2024 turned into a loss of $4.94 billion (about 7.43 trillion won) in 2025.
This IPO will be underwritten by 23 banks, including Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase. The company plans to list on the Nasdaq and Nasdaq Texas under the ticker symbol 'SPCX.'
* This article has been translated by AI.
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