Rolling coverage of the latest economic and financial news

Set to be the largest stock debut in history, the SpaceX initial public offering could indicate the depth of investor confidence in the AI boom.

SpaceX targets a $135 IPO price, suggesting a $1.75 trillion valuation. Market cap above $1 trillion at 98% YES.

SpaceX, led by Elon Musk, aims to raise $75 billion in its IPO, which would surpass a record previously set by Aramco.

SpaceX has launched the world's biggest IPO, valued at $1.77 trillion and raising $74.4 billion, surpassing Saudi Aramco's record offering.