SpaceX plans public IPO filing as soon as this week

A roadshow is scheduled to begin June 4, with pricing expected as soon as June 11 and trading to start the following day on the Nasdaq under the ticker SPCX. The company had already filed confidentially and now seeks to raise up to $75 billion at a valuation of $1.75 trillion. That figure would exceed the record set by Saudi Aramco, which raised $29 billion at a $1.7 trillion valuation in 2019.

SpaceX was founded in 2002.

Last year the company accounted for more than 80 percent of global rocket launches and operates more than 10,000 Starlink satellites that provide internet service to businesses and governments. An investor told the Financial Times that SpaceX launches over 90 percent of Western payloads into space each year, comparing the position to owning the only undersea cable between the United States and Europe.

SpaceX has proposed a governance structure that would give its chief executive nearly unchecked authority, according to the Reuters report. Under the plan, the only person who could remove the chief executive would be the chief executive. The company recently merged with an artificial-intelligence startup and continues to expand its satellite and launch operations.