SpaceX Plans IPO Next Week, Seeking Approximately $1.75 Trillion Valuation

Odaily reported that according to sources familiar with the matter, SpaceX plans to launch a major IPO next week, targeting a valuation of approximately $1.75 trillion. The sources stated that Elon Musk's rocket manufacturing company may sell less than 5% of its shares, valued at between $60 billion and $80 billion. This proportion is significantly lower than a typical IPO. The exact figures could still change before Wednesday afternoon. The company plans to submit updated documents on Wednesday afternoon, which will include the offering price guidance range for the issuance. Earlier this year, following the acquisition of the AI company xAI, SpaceX's valuation stood at approximately $1.25 trillion. (Jin Shi)