India, March 26 -- Shares of space-related companies surged on Wednesday amid reports that Elon Musk's SpaceX may move towards an initial public offering (IPO) as early as this week.

Reports suggest SpaceX is exploring an IPO with a fundraising target of $70-75 billion.

If realised, the offering could surpass the world's largest IPO by Saudi Aramco, which raised $29 billion.

While a June listing is being considered, the timeline remains flexible.

In terms of valuation, SpaceX could aim for over $1.75 trillion, potentially making it one of the most valuable companies globally.

Published by HT Digital Content Services with permission from India Blooms....