SpaceX to file IPO application next week: Source

SpaceX will file its initial public offering application with the U.S. Securities and Exchange Commission next week, a source close to the matter told AFP.

The aerospace company had already filed an initial document in early April, but confidentially, a standard first step in the process leading to a listing.

The second version is expected to reveal to the public, for the first time, some of the company’s financial statements and details about its operations.

According to several media outlets, the company is aiming for a listing on the Nasdaq electronic stock exchange in June, with a valuation of approximately $1.75 trillion, and hopes to raise up to $80 billion.