SpaceX technicians and pad workers make final preparations for a launch Tuesday on Orbital Launch Pad 2 at Starbase, Texas. SpaceX announced its plan for an initial public offering Wednesday. Photo by Joe Marino/UPI | License Photo
May 20 (UPI) -- SpaceX, the American aerospace and artificial intelligence company founded by Elon Musk, on Wednesday confirmed plans to sell shares of its stock in an initial public offering that could make Musk a trillionaire.
Investor interest indicates the SpaceX IPO could be the biggest ever, Axios reported.
The company will likely begin trading on the Nasdaq in late June, under the ticker symbol "SPCX." The current largest IPO was for Saudi Aramco, a Middle Eastern oil company that made $29.4 billion from its IPO in 2020, NBC News reported.
Musk founded the company (full name: Space Exploration Technologies Corporation) in 2002. SpaceX has made many advances in rocket technology and satellite internet, becoming the world's most successful commercial space company and a partner to NASA.
