The company is weighing a ballpark figure of about US$75 billion (RM299.44 billion) in its IPO, one of the people said, asking not to be identified as the information isn’t public. Either figure would be far above the US$50 billion target Bloomberg News has previously reported, and more than double the largest ever IPO, Saudi Aramco’s US$29 billion listing in 2019. The company could file its IPO paperwork confidentially as soon as this month, Bloomberg News reported in February. SpaceX could seek a valuation in the IPO of more than US$1.75 trillion, people familiar with the matter have said. It acquired Musk’s artificial intelligence start-up xAI in a deal that valued the enlarged entity at US$1.25 trillion, Bloomberg News has reported.

Source: The Edge Markets March 26, 2026 07:48 UTC