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SpaceX plans to submit its IPO application as early as this week, aiming to raise over $75 billion.
According to an informed source, SpaceX plans to submit its initial public offering prospectus to regulators later this week or next week. This secret submission will officially confirm Elon Musk’s rocket and communications company’s IPO plans, aiming to go public in June. The IPO will test investor enthusiasm for what could become the largest IPO in U.S. history, surpassing previous records by a wide margin. The source said that advisors involved in the preparations expect the company to raise over $75 billion in the IPO, higher than the previously reported estimate of $50 billion. The company’s latest valuation is $1.25 trillion, and the final fundraising amount and valuation will be determined a few weeks before the IPO.
(Original source: Cailian Press)