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AAP
AAP
Business
Echo Wang

SpaceX plans to raise $US75 billion in IPO, source says

SpaceX plans to raise $US75 billion ($A105 billion) in its initial public ‌offering by selling 555.6 million shares at a target price of $US135 ($A188) per ‌share, a source familiar with the matter has told Reuters.

Reuters reported earlier on ‌Tuesday the rocket and satellite communications company hoped to raise at least $US75 billion ($A105 billion), at a valuation of $US1.75 trillion ($A2.44 trillion).

The listing leads a wave of high-profile private companies preparing to test public markets after years of muted ‌large-cap IPO activity, with ‌SpaceX ⁠widely viewed as one of the most consequential offerings ​in recent history alongside artificial intelligence giants OpenAI and Anthropic.

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