Elon Musk's aerospace company SpaceX is expected to start its initial public offering (IPO) process as early as this week.
Reuters reported on the 24th (local time), citing the IT outlet The Information, that SpaceX plans to file a prospectus with regulators later this week or next week for an IPO.
Filing a prospectus is the essential first step in the IPO process. After regulators' questions and revisions, the roadshow takes place and the offering price is set.
The Information said SpaceX is expected to raise $75 billion through the listing, or about 111.9675 trillion won. That would top the record $29 billion raised in the 2019 IPO by Saudi Aramco, the Saudi Arabian state oil company.
SpaceX's recent corporate value was assessed at $1.25 trillion. The final corporate value assessment is expected to be set a few weeks before the IPO.