SpaceX is targeting a $1.8 trillion valuation in its planned initial public offering. That number would make Elon Musk's rocket company one of the most valuable in the world and lock his control of the business.
The $1.8 trillion target
The figure, if realized, would put SpaceX ahead of nearly every public company. It's a valuation that's hard to wrap your head around. That's the point — it signals just how much investors are betting on SpaceX's dominance in launch services, satellite internet, and future deep-space missions.
Control stays with Musk
The IPO is designed to keep the billionaire at the helm. The structure of the offering would solidify Musk's control over the company, the same way he runs Tesla and his other ventures. Exactly how the IPO will guarantee that control — dual-class shares or some other mechanism — hasn't been detailed.
SpaceX hasn't announced a timeline for the listing. The $1.8 trillion target is subject to market conditions and regulatory approvals. Until the company files its S-1, the public won't know how the deal works or whether Musk's grip is as tight as he'd like.
