Elon Musk's SpaceX on Wednesday publicly filed for an initial public offering, opening the books on the company that has revolutionized rocket technology.
The private rocket maker, satellite and artificial intelligence company plans to trade under the ticker symbol SPCX on the Nasdaq stock exchange, according to the IPO prospectus. Reports suggest the company is aiming for a June listing.
A prospectus is a legal document that every private company that transitions to a public one is required to file with the US Securities and Exchange Commission so potential investors know about the risks and opportunities that come with the company.
The regulatory filing did not put a dollar figure on the amount that Musk hopes to raise at the IPO, but several media reports put that amount at $75 billion (roughly €64.5 billion).
If the company surpasses the targeted valuation of about $1.7 trillion, Musk's net worth would surpass 13 figures, making him the world's first trillionaire.Elon Musk to become history's first trillionaire?To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
