SpaceX to file for US IPO soon as this week

SpaceX aims to file a prospectus for an initial public offering 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 $75 billion, the media outlet said, citing a person with direct knowledge of the plans.

It had been expected to raise as much as $50 billion in a record-setting IPO this summer that could value the space exploration company at more than $1.75 trillion. That capital-raising would shatter the previous high watermark set by Saudi Aramco’s $29.4 billion listing in 2019. Bloomberg