SpaceX, Elon Musk’s rocket and satellite maker, filed confidentially on Wednesday for an initial public offering, according to two people familiar with the company, setting the stage for what could be one of the largest offerings ever.
The company is committed to debuting in June, and Mr. Musk is aiming to raise $50 billion to $75 billion from going public, said one of the people, who was not authorized to speak publicly on confidential discussions.
SpaceX values itself at more than $1 trillion and would be one of the most valuable companies to reach the stock market, after Saudi Aramco’s 2019 debut valued the energy giant at $1.7 trillion. Aramco ultimately raised more than $29 billion from its offering.