SpaceX IPO Targets 1.75 Trillion Dollar Valuation
SpaceX is preparing for a blockbuster initial public offering that could value the company at 1.75 trillion dollars while earmarking 30 percent of shares for retail investors. Major brokerages have lowered account minimums to accommodate high demand despite warnings about lack of profitability.
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SpaceX is launching an initial public offering with an expected $1.75 trillion valuation, earmarking a rare 30% of the deal for retail investors. The $22.5 billion retail carve-out comes as bankers report receiving twice as many orders as available shares. This massive oversubscription highlights intense investor demand for Elon Musk's rocket and satellite empire despite the company's current lack of profits.
