SpaceX IPO plan puts US$2.9 trillion of listings on the table

Elon Musk. (Image: Bloomberg)

Sat, 13 Dec 2025

By Bailey Lipschultz and Loren GrushThe floodgates could be poised to burst open on Wall Street for US$2.9 trillion (NZ$4.99t) worth of private companies that have avoided going public for years.The prospect of a SpaceX IPO, preparing the ground for so-called centicorns valued privately at US$100 billion or more, raises a dangerous question for all involved: How eager will stock investors be to embrace companies with controversial leaders, little or no profits and private-market valuations so swollen that they’ll dwarf every company that...

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