Norway wealth fund in talks with SpaceX as IPO plans emerge
Norway's $2.2 trillion sovereign wealth fund is in talks with SpaceX about a potential investment as the company considers an initial public offering (IPO) that could value it above $1.75 trillion. SpaceX's growth is driven by its reusable rockets and Starlink satellite internet service.
Norway's sovereign wealth fund is evaluating a potential investment in SpaceX. The fund's deputy CEO, Trond Grande, confirmed ongoing dialogue with SpaceX. SpaceX is considering an IPO that could value the company above $1.75 trillion, making it the largest stock market listing in history. The company's growth is driven by reusable rocket technology and its Starlink satellite internet service. SpaceX has filed confidentially for an IPO with the US Securities and Exchange Commission. The IPO could raise over $50 billion, surpassing the record set by Saudi Aramco's 2019 listing.
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