Even Rockets Need a TGE Now: SpaceX Aims for $1.75T IPO to Out-Doge Every Altcoin

Elon Musk's space venture is blasting toward Wall Street with a confidential IPO filing submitted to the SEC, targeting a June listing that could make every crypto market cap look quaint by comparison.

SpaceX could target a valuation above $1.75 trillion. The offering might raise as much as $75 billion, according to Bloomberg. That would more than double Saudi Aramco's $29 billion IPO in 2019, which held the record.

The company has enlisted Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley for senior roles on the offering.

SpaceX is also weighing a dual-class share structure, which would grant insiders like Musk enhanced voting power.

The filing positions SpaceX as the first of three anticipated mega-IPOs this year, ahead of OpenAI and Anthropic.

Nonetheless, the path to a June listing faces headwinds. Equity markets have been volatile due to the US-Iran conflict and elevated oil prices.