SpaceX targets $1.77 trillion valuation ahead of IPO

SpaceX aims for a valuation of approximately $1.77 trillion in its upcoming initial public offering, planning to sell 555.6 million shares at $135 each to raise around $75 billion. This valuation would position SpaceX as the seventh-largest company globally, surpassing Tesla and Meta. Despite reporting significant losses, investor confidence remains high, with projections suggesting a market capitalization of $2.2 trillion on debut day.

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