SpaceX Files Initial Paperwork to Sell Shares to the Public and Likely Make Musk a Trillionaire
NEW YORK (AP) — Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire. A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars. The sources spoke on condition of anonymity because they were not authorized to talk publicly about the confidential registration with the Securities and Exchange Commission. SpaceX did not respond immediately to a request for comment. Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi …
