SpaceX has unveiled plans for a historic stock market debut that could become the largest initial public offering ever and push Elon Musk closer to becoming the world’s first trillionaire.
The aerospace and technology company founded by Elon Musk plans to raise $75 billion through an initial public offering, valuing the business at approximately $1.77 trillion. According to CNN, SpaceX intends to sell 555.6 million shares at $135 each, a move that would eclipse the previous IPO record set by Saudi Aramco, which raised $29.4 billion in 2019.
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The planned listing underscores both the growing commercialisation of space and the intense investor appetite for artificial intelligence driven businesses that has fuelled a surge in technology valuations across global markets.
According to filings submitted to the United States Securities and Exchange Commission, Musk will retain roughly half of SpaceX’s shares after the offering. Through a special class of
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