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France 24
France 24
Technology
FRANCE 24

SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion

SpaceX Elon Musk X IPO NASA Saudi Aramco United States Mars ISS XAI
SpaceX headquarters.
SpaceX headquarters © MARIO TAMA, AFP

SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019.

SpaceX, the rocket and satellite company led by US billionaire Elon Musk, aims to raise approximately $75 billion in a record initial public offering, the company said in a regulatory filing on Wednesday, valuing the company at $1.765 trillion.

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