Elon Musk-led commercial spaceflight company SpaceX is reportedly planning to file for its proposed IPO as early as this week, aiming to raise up to $75 billion.

20% Shares For Retail Investors

Citing an anonymous source familiar with the matter, The Information reported on Tuesday that the company could file for its IPO this week or next.

SpaceX’s confidential filing would show that the company is still targeting a June listing. The space flight giant was earlier mulling a listing on NASDAQ.

The report also mentioned that SpaceX could allocate more than 20% of shares to retail investors during the IPO, which could turn out to be the biggest IPO in history, considering the $75 billion being raised.

SpaceX didn’t immediately respond to Benzinga‘s request for comment.

SpaceX IPO: What We Know

SpaceX will target a valuation of $1.75 trillion, as confirmed by Musk in a social media post earlier this month. The company had earlier acquired Musk’s artificial intelligence startup xAI, which was valued at over $250 billion. As of now, the combined SpaceX-xAI entity is valued at roughly $1.25 trillion.

SpaceX was also reportedly considering a dual-class share structure for the IPO, which could give company insiders, including Musk, outsized voting power over corporate decisions.

Tesla Merger, S&P 500 Rule Change

There were also talks of SpaceX potentially merging with Tesla Inc. (NASDAQ:TSLA). However, critics, like investor Gary Black of The Future Fund LLC, remain skeptical and warn against such a merger as it could lead to stock dilution for Tesla and be detrimental for investors of the EV giant.

On the other hand, the S&P 500, which lists some of the largest companies in the world, was reportedly mulling rule changes for entry into the index, with SpaceX potentially benefiting from such a move.

When asked for comment, a spokesperson for the S&P 500 told Benzinga that “material changes to the index or its methodology” would involve a public consultation process.

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