According to Bloomberg, SpaceX, led by the world's richest person Elon Musk, is pushing for an IPO plan aiming to raise over $30 billion, which would make it the largest IPO in history. SpaceX announced in September that its equity acquisition of EchoStar (stock code SATS) surged nearly 6% yesterday, as buying SATS is equivalent to owning shares of SpaceX.

SpaceX aims to raise $30 billion and is expected to become the largest IPO in history

Insiders reveal that SpaceX is pushing for an initial public offering (IPO) plan, aiming to raise over $30 billion, surpassing Saudi Aramco's record of $29 billion raised during its record-setting IPO in 2019, making it the largest IPO in history. The company's goal is to achieve an estimated valuation of about $1.5 trillion and plans to go public in mid to late 2026 at the earliest.

Informed sources revealed that SpaceX recently finalized the latest round of internal stock sale plans. Meanwhile, Musk and the company's board are advancing plans for listing and financing, including recruitment for key positions and the use of funds.

SpaceX is able to enter the public market faster partly due to the strong performance of its rapidly growing Starlink satellite network service, including business prospects directly targeting mobile users, as well as the research and development progress of its Starship lunar and Mars rockets. Informed sources stated that the company expects revenue to reach around $15 billion in 2025, increasing to between $22 billion and $24 billion by 2026, with most of the sales coming from Starlink.

Musk recently stated on X that 'SpaceX has maintained positive cash flow for many years and conducts two regular stock buybacks each year, providing liquidity to employees and investors.'

Informed sources revealed that SpaceX set the price per share around $420 in this secondary offering, valuing it at over the previously reported $800 billion. Two of the informed sources indicated that the company allows employees to sell shares worth about $2 billion, and SpaceX will also participate in the buyback of some shares.

SpaceX's equity acquisition of EchoStar surged nearly 6%.

SpaceX's largest long-term investors include venture capital firms such as Founders Fund of Peter Thiel, 137 Ventures, and Valor Equity Partners. Fidelity Investments and Alphabet are also significant investors.

Since SpaceX is privately held and not publicly traded, investors can only indirectly hold it by buying funds that invest in SpaceX, such as the Baron Focused Growth Fund (BFGFX), Destiny Tech100 (DXYZ), or Ark's ARK Venture Fund (ARKVX).

In early September, SpaceX acquired AWS-4 and H-block spectrum licenses from EchoStar Corp. for up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock. Due to the share exchange agreement, buying EchoStar (stock code SATS) is also equivalent to owning SpaceX stock. SATS surged nearly 6% yesterday and has more than doubled since the announcement of its acquisition by SpaceX.

(SpaceX acquired EchoStar's spectrum for $17 billion, advancing Starlink's global mobile services)

Most investors who cannot buy SpaceX can only angrily buy Tesla (TSLA), the only publicly traded company owned by Musk! However, the two do not have cross-shareholding and operate independently. But Musk stated at a recent meeting that he wants to 'somehow involve Tesla shareholders in SpaceX.' Yesterday, Tesla's stock price also rose by 1.27%.

This article discusses how SpaceX is expected to become the largest IPO in history; how can investors get ahead in positioning? Originally appeared in Chain News ABMedia.