SpaceX targets record-breaking IPO with $2 trillion valuation. Elon Musk's space company has filed confidential papers for a NASDAQ listing, planning to raise $75 billion while selling just 3.75 percent of the company. This would make it the largest IPO in history. However, the listing is bending traditional market rules. NASDAQ normally requires at least a 10 percent free float for index inclusion, but has made special adjustments specifically for SpaceX, removing the minimum requirement and reducing the seasoning period from three months to just 15 trading days. The company derives 50 to 80 percent of revenue from Starlink satellite internet services. IPO proceeds would fund space-based data centers powered by solar energy. The merger with xAI in February 2026 valued the combined entity at $1.25 trillion, setting the stage for this unprecedented public offering.
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