SpaceX targets a $1.75 trillion valuation in what could be the largest IPO ever, with Founders Fund and Valor Equity Partners each expecting $60B-plus

SpaceX plans to raise $75 billion in its IPO at a $1.75 trillion valuation. The massive equity issuance could drain liquidity from crypto and risk assets.

SpaceX targets a $75 billion IPO on June 11, seeking a $1.8 trillion valuation. The company holds roughly 18,700 bitcoins on its balance sheet.