SpaceX is preparing for what could be the largest initial public offering in history, with a valuation estimated between $1.75 trillion and $2 trillion. The IPO could raise up to $75 billion, surpassing all previous listings.
Nasdaq is reportedly considering a rule change to fast-track SpaceX into the Nasdaq-100 within just 15 trading days of its debut. This would force index funds to begin buying shares immediately, creating a built-in demand floor.
Starlink, SpaceX's satellite internet division, currently serves about 11 million users globally. The company aims for 50 million users generating $40 billion in recurring revenue. However, Q1 financials show revenue of $4.69 billion against a net loss of $4.28 billion.
Elon Musk plans to maintain over 85% voting power through a dual-class share structure, despite holding roughly 41% economic interest.