SpaceX prepares for historic $75 billion NASDAQ IPO

SpaceX is preparing for a historic initial public offering (IPO) on the NASDAQ, potentially becoming the largest IPO ever recorded. The company aims to raise approximately $75 billion from investors, a figure that would surpass the record set by Saudi Aramco in 2019.

SpaceX is targeting a debut in June. The company's valuation is estimated at roughly $1.75 trillion, significantly higher than its $18.7 billion in revenue reported last year. A key factor in the success of this IPO is the performance of the Starship rocket. While a test flight was originally planned for mid-May, it has faced multiple delays. The outcome of these Starship tests is expected to have a substantial impact on the company's market debut.