SpaceX's $1.75 trillion valuation sparks concerns: Is Elon Musk's IPO priced too high? Should investors be cautious?
New Delhi, May 21 -- Elon Musk's SpaceX has filed plans to go public in what could become the biggest IPO ever. The company aims to raise as much as $75 billion from investors, a move that could further strengthen Musk's influence in the tech and space industries.
After the IPO, Musk would be the CEO, CTO, and Chairman of the Board, the filing revealed.
US media reports say SpaceX is hoping to raise $75 billion and win a valuation of as much as $1.75 trillion when it begins trading as early as next month.
Understandably, there is a massive retail interest in the IPO. Spacex has a huge contribution toward reshaping the economics of orbital launch. It also folded in AI business xAI in a mostly stock-based deal in February. The company ha...
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