SpaceX says it’s worth $1.75tn as it nears stock market debut
SpaceX has announced a suggested share price of $135 ahead of its upcoming Nasdaq IPO, aiming to raise $75 billion. This valuation would make the company worth approximately $1.75 trillion and potentially make Elon Musk a trillionaire.
Why it matters
This IPO is set to be the largest in history, significantly impacting global financial markets and the valuation of the private space exploration sector.
Image source, Manuel Mazzanti / NurPhoto via Getty Images Image caption, SpaceX builds and operates the rockets and launch infrastructure that support its subsidiary Starlink
The article reports on financial filings and market expectations without taking a political or ideological stance.
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