Bloomberg News reported on the 10th (local time) that SpaceX, the space company led by Elon Musk, is pushing for a stock market listing next year with a valuation of about $1.5 trillion (about 2,207 trillion won).
SpaceX is reviewing a plan to raise more than a total of $30 billion (about 44 trillion won) through the listing, which would likely become the largest initial public offering (IPO) ever, surpassing Saudi Aramco in 2019 (about $29 billion).
According to Bloomberg, SpaceX executives and advisors have set the target timing for the IPO for the middle to latter half of next year and are watching market conditions. Reuters also reported, citing sources, that SpaceX is discussing raising more than $25 billion with a goal of listing in June–July next year. Reuters said SpaceX's valuation could exceed $1 trillion at the time of listing.
The funds raised are expected to be invested in building a space-based data center and securing semiconductor chips for it. This would significantly increase investment capacity to expand the Starlink satellite internet service, build space AI infrastructure, and accelerate development of the next-generation spacecraft "Starship" aimed at Mars exploration. Bloomberg projected SpaceX's sales at about $15 billion this year and $22 billion–$24 billion next year, and reported that most of the revenue is coming from Starlink.
When Eric Berger of the space and aviation outlet Ars Technica posted a related analysis on X, Musk effectively acknowledged the listing push by replying, "As always, Eric is correct." Berger analyzed that Musk's move to pursue a SpaceX IPO, which Musk had stubbornly delayed, would mark a significant turning point for large-scale fundraising to combine space and AI and for his Mars colonization strategy.