SpaceX says it’s worth $1.75tn as it nears stock market debut
SpaceX has announced a valuation of $1.75 trillion as it prepares for its upcoming stock market debut. The company plans to list its shares at $135 each, significantly increasing its previous valuation of $1.25 trillion. Elon Musk could become the world's first trillionaire if the shares sell at or above the expected price, although market fluctuations could affect this outcome.
- ▪SpaceX is set to begin trading on the Nasdaq stock index on June 12.
- ▪The company aims to raise $75 billion, the highest amount ever for an IPO.
- ▪SpaceX reported $18.6 billion in revenue last year but had a net loss of $4.9 billion.
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SpaceX says it’s worth $1.75tn as it nears stock market debutJust nowShareSaveAdd as preferred on GoogleKali HaysTechnology reporterReutersElon Musk is set to become the wealthiest person on earth with SpaceX stock market debut.Elon Musk's SpaceX has said it is even more valuable than anticipated as it approaches a public stock listing set for next week.In a filing with the US Securities and Exchange Commission detailing its plans for an initial public offering (IPO), SpaceX said its shares should go for $135 (£100) each, ratcheting up its own valuation of the firm to roughly $1.75tn.Setting an estimated price for its stock listing so far in advance is a rare move, and the amount represents a large increase in SpaceX's previous valuation of $1.25tn earlier this year.The revelation does…
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