Starship rocket. Image: SpaceX
Meanwhile, CNBC cited sources who claimed that Elon Musk is considering combining Tesla with SpaceX.
Elon Musk’s SpaceX is hoping to raise $75bn in a gargantuan initial public offering, which estimates suggest would value the tech giant at around $1.7trn.
The Starship rocket producer, in a filing with the US government, said that it plans to offer more than 555.5m Class A common stock at a value of $135 per share.
Earlier last month, SpaceX posted a net loss of $4.28bn on revenue of $4.69bn for Q1, compared with a net loss of $528m on revenue of $4bn a year ago. While Musk’s decision to offer shares at a fixed price ahead of the order-taking is unusual for large US IPOs, reports suggest.
