The Texas-based rocket company SpaceX plans to raise approximately $75 billion when it goes public later this month. The company announced plans to sell shares at $135 each, a price it has confirmed to banks in an amended IPO filing.
The offering would value SpaceX at around $1.77 trillion (€1.56 trillion), making it one of the world's most valuable listed companies and potentially the largest stock market debut in history. This valuation puts Elon Musk on course to become the world's first trillionaire.
Shortly after starting to formally market the deal, SpaceX has already received orders for more than the shares available in the record-setting offering. However, Morningstar analysts have pegged the company's valuation at $780 billion, which is less than half of the $1.77 trillion target.