Prediction: The SpaceX IPO Will Be the Greatest Fleecing of Retail Investors We've Ever Witnessed
2026-06-06 06:56:00 ET
The big day is less than one week away -- and I'm not talking about the May inflation report. Friday, June 12, is the expected debut of what's arguably the most-hyped initial public offering (IPO) in Wall Street history: SpaceX.
While large language model developers Anthropic and OpenAI could both push for valuations of around $1 trillion, SpaceX is poised to become the largest IPO in history. Elon Musk's space and artificial intelligence (AI) conglomerate is aiming for a valuation of at least $1.8 trillion -- this would slot it in ahead of Musk's other trillion-dollar company, Tesla -- and wants to raise $75 billion . Overseas oil titan Saudi Aramco currently sits atop the IPO pedestal with a $29.4 billion raise following its December 2019 debut.
Image source: Getty Images.
NASDAQ: NDAQ
NDAQ Trading
-2.59% G/L:
$86.76 Last:
883,917 Volume:
$88.88 Open:
