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The Guardian - UK
The Guardian - UK
Science
Graeme Wearden

SpaceX heads for record $1.78tn float amid fears it is overvalued

SpaceX Elon Musk IPO Elizabeth Warren United States Morningstar Starlink
Traffic near a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp facility in Hawthorne, California
Space Exploration Technologies’ site in Hawthorne, California. The IPO is oversubscribed by three or four times. Photograph: Patrick T Fallon/AFP/Getty

Elon Musk’s SpaceX is set to launch the biggest stock market float in history amid warnings that it may be overvalued.

The space exploration, satellite broadband and AI company will join the US stock market on Friday at a valuation of $1.78tn, after offering at least $75bn of shares to investors through an initial public offering.

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