SpaceX files papers for world’s biggest IPO: A look at the top 10 India listings

The IPO, which could be the world's biggest ever, could make its founder Elon Musk the world's first trillionaire.

SpaceX makes reusable rockets and also owns Starlink, a satellite network. Recently, the company brought Musk's artificial intelligence business xAI and social media platform X.

The company has earned over $24 billion for its work with the US government, including contracts from the Air Force, NASA, and Space Force, since 2008, according to federal spending and government contracts tracker FedScout.

SpaceX IPO: When are shares expected to be listed?

SpaceX could see a June listing. The company is reportedly seeking to raise USD 75 billion, which is thrice the biggest US IPO to date. China's Alibaba had raised $22 billion in 2014. Before that, Visa had raised around $18 billion in 2008.

Currently, the world's biggest issue is Saudi Aramco, which had raised $29 billion in 2019.

Top 10 IPOs in India

Meanwhile, India has seen some of the largest IPOs in recent years, led by Hyundai Motor India, along with other listings like Life Insurance Corporation of India and One 97 Communications (Paytm).

The ₹27,858.75 crore of Hyundai Motor India was entirely an offer for sale (OFS) of 14.22 crore shares by parent Hyundai Motor Company.

Life Insurance Corporation of India (LIC) raised ₹20,557.23 crore via an OFS of 22.14 crore shares by the promoter, President of India, acting through the Ministry of Finance, Government of India.