SpaceX, the space company led by Tesla Chief Executive Officer (CEO) Elon Musk, is pursuing an initial public offering (IPO) next year with the goal of raising USD 30 billion (about KRW 44 trillion), Bloomberg News reported on the 9th (local time). Bloomberg projected that it “would be the largest listing in history.”

Bloomberg reported that “SpaceX management is targeting an IPO in the middle to latter half of next year,” and that SpaceX is aiming for a corporate valuation of USD 1.5 trillion (about KRW 2,205.9 trillion). The USD 30 billion capital raise that SpaceX is pursuing would also surpass the record set by Saudi Aramco, the world’s largest energy company. Aramco raised USD 25.6 billion (about KRW 37.6 trillion) when it went public in 2019, the largest amount ever raised through a listing.

Recently, SpaceX has reportedly been firming up the securing of key personnel required for an IPO and specific plans for the use of funds. The capital raised through the listing is expected to be invested in the Starlink satellite internet business and projects related to “Starship,” the launch vehicle under development for Mars exploration.

SpaceX’s revenue this year is around USD 15 billion (about KRW 22 trillion), with most of it generated by Starlink. SpaceX recently allowed employees to sell shares worth about USD 2 billion (about KRW 2.9 trillion).

On the 6th, Musk stated on social media platform X, “SpaceX has had positive cash flow for several years and buys back its own shares twice a year for employees and investors.” He added, “The rise in corporate value reflects the progress of Starship and Starlink and the company’s success in securing spectrum for global direct-to-device communications.”

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