SpaceX is preparing for a historic initial public offering (IPO) with a valuation between $700 billion and $750 billion, according to sources cited by Reuters. The company plans to list its shares on Nasdaq under the ticker "SPCX," with the IPO price potentially set as early as June 11 and trading to commence on June 12. This move follows SpaceX's merger with Elon Musk's AI company, xAI, earlier this year, which valued the combined entity at $1.25 trillion.
The IPO is expected to be the largest in history, aiming to raise between $70 billion and $75 billion, surpassing the previous record set by Saudi Aramco in 2019. SpaceX's valuation expectations have increased from $1.75 trillion to $2 trillion, reflecting significant investor interest and the company's strategic growth initiatives.
SpaceX Targets Historic IPO with $750 Billion Valuation on Nasdaq
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