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SpaceX, which confidentially filed for an IPO in April, is planning to disclose its prospectus as soon as next week, according to people familiar with the matter, as Elon Musk's reusable rocket company nears what's expected to be a record share sale.
The company is aiming to kick off a roadshow to officially market the deal to investors on June 8, said the sources, who asked not to be named because of a quiet period ahead of the listing process. The filing needs to be disclosed at least 15 calendar days before the roadshow begins, but SpaceX and its advisers are aiming for a slightly earlier flip to give investors time to digest the numbers, said the people, who added the the timing may still change.
SpaceX didn't immediately respond to a request for comment.
The IPO is expected to be the largest ever, after SpaceX merged with xAI, Musk's artificial intelligence company, in February, in a deal that valued the combined entity at $1.25 trillion. Bloomberg reported, citing people familiar with the matter, that the company was targeting a listing size of about $70 billion to $75 billion, well over twice the size of Saudi Aramco's record offering in 2019.
