Elon Musk-led SpaceX is aiming to raise at least $75 billion through its upcoming initial public offering (IPO), targeting a valuation of approximately $1.75 trillion, including a greenshoe option, Reuters reported on Tuesday, citing people familiar with the matter.
The proposed valuation emerged after preliminary meetings with potential investors as part of the company's testing the waters process, according to the report.
ALSO READ: SpaceX Pushes For 'Lowest IPO Fee Rates Ever'; Banks Still Likely To Rake In $500 Million
(This is a developing story)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
