SpaceX is preparing to launch the largest IPO of all time — with expectations that it could raise more than all U.S. listings in 2024 and 2025.
Why it matters: Wall Street is understandably giddy. But what it’s about to pitch investors is unprecedented, and could impact how (or if) OpenAI and Anthropic go public later this year.
Here are four ways this IPO is different from all others:
1. Size: SpaceX reportedly wants to raise around $75 billion at a $1.75 trillion valuation.
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- For context, the entire U.S. IPO market only raised more money in two of the past 10 years.
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- It also will seek to become the first company to ever go public at a valuation of $1 trillion or more, with hopes of immediately being worth more