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International Business Times
International Business Times
Business
Matias Civita

Market Sees $1.75 Trillion SpaceX IPO as 'Referendum' on Elon Musk's Leadership: Report

Elon Musk SpaceX IPO CNBC
(Credit: Getty Images)

SpaceX's initial public offering, expected to value the company at roughly $1.7 trillion and raise about $75 billion, is being closely watched not only for its size but also for what it reveals about investor confidence in CEO Elon Musk's leadership.

According to a report by CNBC, analysts and executives are describing the IPO as a "referendum" on Musk, with capital markets evaluating both the company's potential and the degree of faith placed in the entrepreneur driving it.

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