Elon Musk’s space exploration company SpaceX is reportedly preparing to submit documentation for a public stock offering with federal regulators in the coming days, according to a Tuesday report from The Information.
A source familiar with the company’s plans told the publication that SpaceX could submit its initial public offering paperwork as early as this week or by next week.
Financial advisors working on the preparation believe SpaceX could potentially secure more than $75 billion through the stock market debut, according to the report.
The portion of shares available to individual investors may surpass 20%, though that figure remains under discussion and has not been finalized, the source indicated.
Reuters was unable to independently confirm these details, and SpaceX has not yet provided a response to requests for comment on the reported IPO plans.
