SpaceX files to go public in huge IPO deal

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Elon Musk wants to take investors on a ride to the moon — and beyond.His pioneering rocket company SpaceX filed Wednesday for what’s expected to be the largest initial public offering in history, potentially raising at least $75 billion and valuing the company at as much as $2 trillion.The registration statement with the Securities and Exchange Commission for an expected public offering next month explicitly sets aside stocks for retail investors, though the exact number will be spelled out in a later filing, as will the offering price and company valuation.Interest in the stock offering is expected to be high despite the billionaire’s controversial politics, including his involvement last year with the Department of Government Efficiency, the makeshift cost-cutting effort that resulted in the loss of hundreds of thousands of government jobs.“Potential investors are probably just as polarized as the electorate is too, given his dabbling in politics,” said Carol Schleif, chief market strategist for BMO Private Wealth.“But it’s not just the SpaceX IPO per se, it’s a bigger, broader excitement among investors for space investment in general.” Business The U.S.

Space Force is seeking to expand the number of launches and attract aerospace companies in and around Vandenberg Space Force Base, where SpaceX launches already have riled up residents, state officials and environmentalists.Investor interest was piqued by the Artemis II moon mission this year that SpaceX did not participate in, she said.However, the company is expected to play a larger role in future missions that take astronauts to the moon..

Ultimately, Musk, 54, wants to establish a colony on Mars but those plans have been set on the back burner, with NASA now focusing on moon missions.Musk will remain the company’s chief executive and chairman.Under a dual-class stock structure as a holder of special ...