SpaceX seen as make-or-break test for mega IPOs
The global IPO market has needed a win for years and Elon Musk’s SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco in 2019.
An over “trillion-dollar” valuation, a CEO with a cult-like retail following and exposure to a high-growth industry – SpaceX has the elements the IPO market has sought to end a years-long drought in mega-deals.
