SpaceX's IPO: Aiming for $1T Valuation
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
SpaceX, founded by Elon Musk in 2002, is set to launch a potentially record-breaking IPO, aiming for a June listing and raising up to $75 billion. The company, known for its Starlink satellite internet service, plans a dual-class share structure and may offer more shares to retail investors. SpaceXs recent joint venture with Tesla, Terafab, focuses on custom chips for various applications. Musks stake in SpaceX could make him a trillionaire if valuations hold, as the company shifts focus to the Moon and AI projects in space.
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