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Can Musk boost SpaceX worth by 1.75T
SpaceX is preparing for the largest initial public offering in history, targeting a valuation estimated at $1.75 trillion, which could make it one of the most valuable companies worldwide, surpassing Saudi Aramco. Approximately $75 billion is expected to be raised from the offering, with a reference share price of $135, ahead of its listing on NASDAQ. Despite growing revenues and assets valued at $102 billion, the company is recording quarterly losses of about $4.3 billion, with continued spending on space projects and artificial intelligence. This valuation is considered high by observers and is heavily reliant on future revenues, as Elon Musk focuses on transforming the company into an integrated technological platform that includes satellite internet services and AI.
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