SpaceX is moving forward with an internal stock sale that values the rocket and satellite manufacturing company at around $800 billion, paving the way for its largest initial public offering (IPO) to date.
The company, founded by Elon Musk, has achieved significant milestones in the aerospace industry, including the deployment of its Starlink satellite constellation and the development of Falcon 9 rockets. The IPO is expected to generate substantial investor interest.
"We are on the cusp of a new era in space technology, and going public will enable us to accelerate our innovative projects," the company stated.
