Elon Musk’s SpaceX is reportedly preparing for a record-breaking IPO that could value the company at $1.75 trillion.
Elon Musk's SpaceX rocketed toward Wall Street on Wednesday, filing plans for what could become the largest initial public offering in history as the company seeks to raise up to $75 billion (R1.23 trillion) on the public markets.
If successful, the listing of the rocket and satellite giant would dwarf any IPO in history and cement Musk's status as one of the most consequential entrepreneurs of his generation.
After the IPO, Musk would be the CEO, CTO, and Chairman of the Board, the filing revealed.
US media reports say SpaceX is hoping to raise $75 billion and win a valuation of as much as $1.75 trillion when it begins trading as early as next month.
