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The largest IPOs in the world have been dominated by giant companies, with Saudi Aramco leading the list after raising $25.6 billion in December 2019.
Alibaba Group is second, with $21.8 billion raised, followed by SoftBank Corp. with $21.3 billion, and Agriculture Bank of China with $19.2 billion.
Industrial and Commercial Bank of China, Nippon Telegraph and Telephone, Visa Inc., AIA Group, Enel, and Facebook complete the top 10 list, with SpaceX set to potentially overtake them all with its massive $75 billion target.
According to reports, SpaceX is expected to list on the Nasdaq Global Select Market and Nasdaq Texas with the ticker SPCX, offering 555.55 million Class A shares at $135 per share.
With an option for underwriters to purchase an additional 83.33 million shares, SpaceX is set to make history with its upcoming IPO.
The presence of space exploration company SpaceX in the capital market is set to change the list of giant companies with the largest IPO values in history. With a target of $75 billion in public funding, SpaceX is poised to surpass existing records.