Elon Musk Eyes Wall Street Record with SpaceX IPO

Elon Musk's SpaceX rocketed toward Wall Street on Wednesday, filing plans for what could become the largest initial public offering in history as the company seeks to raise up to $75 billion on the public markets. 

If successful, the listing of the rocket and satellite giant would dwarf any IPO in history and cement Musk's status as one of the most consequential entrepreneurs of his generation.

After the IPO, Musk would be the CEO, CTO, and Chairman of the Board, the filing



revealed. US media reports say SpaceX is hoping to raise $75 billion and win a valuation of as much as $1.75 trillion when it begins trading as early as next month. 

The filing of the S-1 prospectus -- a document companies are required to present to the SEC before listing on a public stock exchange, providing potential investors with detailed financial information, possible risks and business strategy -- marked the first time SpaceX has publicly disclosed detailed financials in its 24-year history.