Musk hints at possible SpaceX IPO in X post after media reports


FILE PHOTO: SpaceX logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dec 10 (Reuters) - Billionaire Elon Musk on Wednesday hinted at a possible SpaceX initial public offering in a social media exchange with Ars Technica space journalist Eric Berger, following reports of a possible listing of the rocket maker in 2026.

"As usual, Eric is accurate," Musk said, in reply to Berger's post saying "Here's why I think SpaceX is going public soon," that linked his Ars Technica article on SpaceX's plans to go public.

Reuters and others reported on Tuesday that SpaceX was looking to raise more than $25 billion through an IPO in 2026, a move that could boost the rocket-maker's valuation to more than $1 trillion.

SpaceX did not immediately respond to a request for comment.

The California-based company ranks as the world's second most-valuable private startup after ChatGPT maker OpenAI, according to data from Crunchbase.

SpaceX going public at the reported valuation would represent the second-richest completed IPO in history, after Saudi Aramco’s blockbuster $1.7 trillion listing in 2019.

Reuters earlier reported that SpaceX has started discussions with banks about launching the offering around June or July next year.

(Reporting by Ananya Palyekar in Bengaluru; Editing by Jamie Freed)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Instagram users given new algorithm controls
China public servants use face masks to bypass facial recognition to help each other skip work
Crypto traders seek out�extra security as kidnappings rise
Apple CEO pushes for changes in US child online safety bill, citing privacy concerns
Australia's Westpac urges bigger role for social media firms in scam prevention
Synopsys tops revenue estimates on strong demand for chip design tools
Google names Amin Vahdat as new chief of AI infrastructure buildout, Semafor reports
Adobe sees upbeat annual results on AI, design software strength
OpenAI warns new models pose 'high' cybersecurity risk
Oracle forecasts miss Wall Street targets while spending rises, shares slide 10%

Others Also Read