SpaceX reduces valuation before IPO

SpaceX intends to go public with an initial offering valued at up to $75 billion, aiming to raise over $1 trillion to expand its activities, which include developing space data centers and AI services, with a valuation below $2 trillion. Marketing for the IPO is expected to commence in June, amid discussions about the final valuation, after recording revenues of $18.7 billion in 2025, along with losses of $4.94 billion. The company is seeking to list on Nasdaq under the ticker symbol "SPCX."

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