SpaceX, the aerospace pioneer led by Elon Musk, is reportedly on the cusp of unveiling its highly anticipated initial public offering prospectus as early as next week. The company, which confidentially submitted its IPO paperwork in April, is gearing up for what observers believe could be a monumental market debut. This follows a significant strategic move in February when SpaceX finalized a merger with xAI, Musk’s artificial intelligence venture, a deal that collectively valued the combined entity at an astounding $1.25 trillion.

The upcoming offering is projected to be one of the largest in history, with aims to raise between $70 billion and $75 billion, potentially eclipsing the previous record set by Saudi Aramco in 2019. Insiders suggest that SpaceX intends to commence its investor roadshow around June 8, necessitating the public disclosure of its prospectus at least 15 days prior. To accommodate such an unprecedented scale, the company’s financial advisors are exploring novel avenues to engage a diverse investor pool, specifically targeting long-term retail holders in international markets like the U.K., Japan, and Canada.

The impending SpaceX listing arrives amidst a revitalized enthusiasm on Wall Street for new public offerings, a sentiment particularly strong for companies associated with the burgeoning artificial intelligence sector. This renewed interest was vividly demonstrated by the recent market entry of AI chipmaker Cerebras, which saw its shares surge 68% on its debut, achieving a market capitalization of approximately $95 billion. Other prominent AI firms, including OpenAI and Anthropic, are also reportedly preparing for potential offerings later this year, with projected valuations that could exceed $1 trillion, further underscoring the market’s appetite for AI innovation. The timing of SpaceX’s prospectus release might also coincide with the 12th test flight of its advanced Starship rocket, an event previously slated for May 19.