SpaceX plans to conduct its IPO next week, seeking a valuation of approximately $1.75 trillion

Odaily Planet Daily News According to sources familiar with the matter, SpaceX plans to conduct a blockbuster IPO next week, with a target valuation of approximately $1.75 trillion. The sources said that Elon Musk's rocket manufacturing company may sell less than 5% of its shares, valued between approximately $60 billion and $80 billion. This proportion is far lower than that of a typical IPO. The exact figures may still change before Wednesday afternoon. The company plans to submit updated documents on Wednesday afternoon, which will include the offering price guidance range for this issuance. Earlier this year, after acquiring the artificial intelligence company xAI, SpaceX's valuation was approximately $1.25 trillion. (Jin Shi)