Saudi Aramco and Meta Among Largest IPOs Ahead of Potential SpaceX Listing

SpaceX Prepares for Record-Breaking IPO

SpaceX, the rocket and AI company owned by Elon Musk, is reportedly gearing up for a potential Wall Street debut as early as next month, with estimates suggesting the company could raise around $75 billion.

This massive IPO would comfortably surpass the largest IPOs ever recorded in global markets. The listing is expected to raise a record $75 billion at a valuation of roughly $1.75 trillion, placing SpaceX among a handful of the world's elite kilocorn companies and sending ripples across nearly every corner of the equity markets.

Currently, the biggest IPO on record belongs to Saudi Aramco, which raised $25.6 billion on the Riyadh stock exchange in December 2019. Chinese e-commerce giant Alibaba holds the second spot after raising $21.8 billion during its New York Stock Exchange debut in September 2014. SoftBank Corp ranks third with a $21.3 billion listing on the Tokyo Stock Exchange in December 2018.

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Here is a comparison of the top 10 largest IPOs in history:

The top 10 largest IPOs in history are rounded out by Chinese lender Agricultural Bank of China, which raised $19.2 billion through listings in Shanghai and Hong Kong in July 2010, and Industrial and Commercial Bank of China, which secured $19.1 billion in October 2006. Japanese telecom operator NTT Docomo raised $18.1 billion in Tokyo in 1998. Visa collected $17.9 billion during its New York Stock Exchange debut in 2008. AIA Group raised $17.8 billion through its Hong Kong listing in 2010. Italian energy company Enel raised $16.5 billion during its stock market debut in 1999. Rounding out the top 10 is Meta, then known as Facebook, which raised $16 billion in New York in May 2012.