SpaceX IPO: Elon Musk targets record $40B public offering

• SpaceX is preparing for an Initial Public Offering (IPO) aiming to raise over $30 billion, potentially becoming the largest in history.
• The company targets a $1.5 trillion valuation, which could make it the world's most expensive listed company.
• The IPO is anticipated between mid-2026 and late 2027, depending on market conditions.
• Proceeds from the IPO will fund the rapidly growing Starlink satellite internet business, Starship rocket development, and plans for space data centers.
• News of SpaceX's IPO led to a sharp rise in shares of other space companies, including EchoStar and Rocket Lab.

Why It Matters: SpaceX's record-breaking IPO could redefine global company valuations.