(March 25): SpaceX aims to file a prospectus for an initial public offering (IPO) as soon as this week, The Information reported, kicking off one of the year’s most-anticipated market debuts.
Elon Musk’s company could try to raise more than US$75 billion ($95.93 billion), the media outlet said, citing a person with direct knowledge of the plans.
It had been expected to raise as much as US$50 billion in a record-setting IPO this summer that could value the space exploration company at more than US$1.75 trillion. That capital-raising would shatter the previous high watermark set by Saudi Aramco’s US$29.4 billion listing in 2019.
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