SpaceX plans $75 billion IPO raise
SpaceX is aiming to raise up to $75 billion in an initial public offering that could be the largest in market history. The company has lowered its expected valuation to around $1.8 trillion, down from earlier estimates exceeding $1 trillion. Official marketing for the offering is expected to begin on June 4, with pricing set for June 11, though the schedule may be delayed depending on market conditions. The company indicates plans to expand its business model from space to infrastructure and artificial intelligence. Meanwhile, its financial results show rising revenues alongside a sharp increase in losses.
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