From rocket launches to oil fields and crypto wallets, the global deal mill churned hard this week. At the center of the speculation: Elon Musk’s SpaceX, which is reportedly charting a course toward one of the most audacious public offerings in market history.
Below is a snapshot of the most talked-about deal rumors shaping boardrooms and trading floors alike.
SpaceX Preps for June IPO at a Colossal Valuation
SpaceX is laying the groundwork for an initial public offering that could value the private aerospace powerhouse at roughly $1.5 trillion, according to reports Wednesday from The Financial Times and Reuters.
The Elon Musk-led company is said to be targeting a June debut and could raise as much as $50 billion, a figure that would place the offering among the largest the world has ever seen. If realized, a SpaceX $1.5 Trillion IPO would vault the company into rarefied air, rivaling the market value of the biggest names in global finance and technology.
Chevron Seeks Better Terms Before Lukoil Deal
Oil major Chevron is pressing Iraq for improved economic terms before moving forward with a potential purchase of assets belonging to Russia’s Lukoil, according to a Financial Times report Tuesday.
Chevron is reportedly seeking stronger returns from the West Qurna 2 oil field, which Iraq nationalized earlier this year after the U.S. imposed sanctions on Lukoil amid efforts to pressure Russia over its war in Ukraine. Earlier rumors suggested private equity firm Carlyle was also weighing a bid for the assets.
