Elon Musk's SpaceX raises $75bn ahead of world's biggest stock market launch

SpaceX, the aerospace manufacturer founded by Elon Musk, has reportedly secured $75 billion in funding. This substantial capital infusion comes as the company is rumored to be preparing for a significant public offering, potentially its largest ever. The valuation places SpaceX among the most valuable private companies globally.

This reported fundraising and anticipated market debut are significant due to SpaceX's transformative impact on the space industry. The company has revolutionized rocket technology with its reusable Falcon rockets and is developing Starship, a fully reusable super heavy-lift launch vehicle. A public listing would offer investors a stake in a company at the forefront of commercial spaceflight, satellite internet with Starlink, and future ambitions like Mars colonization.