SpaceX targets 1.75 trillion dollar valuation in IPO
Elon Musk's rocket company plans to raise at least 75 billion dollars through an all-primary offering next week. The deal structure prevents existing shareholders from selling immediately while giving Musk significant control over the board and operations.
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SpaceX plans to target a $1.75 trillion valuation in an all-primary initial public offering next week. This valuation would make the rocket company the largest-ever public debut, surpassing the previous record-holding listings in the aerospace and technology sectors. The capital raise allows public investors a rare opportunity to buy into Elon Musk's vision for space exploration, satellite communications, and artificial intelligence.
