Key facts
- SpaceX is targeting an IPO valuation of up to $86 billion.
- Elon Musk will hold more than 80% of SpaceX's voting power.
- The potential IPO valuation would set a global record.
SpaceX is reportedly preparing for an Initial Public Offering (IPO) with a target valuation of up to $86 billion, a figure that would represent a record haul for such an event. Elon Musk, the CEO of SpaceX, is set to maintain significant control over the company, holding more than 80% of its voting power following the IPO. This move would solidify his leadership and strategic direction for the aerospace firm.