SpaceX sets $75 billion IPO target as Musk on track to become first trillionaire
AI Summary
SpaceX has announced plans for what would be the largest IPO in history, targeting $75 billion that would value the company at a staggering $1.77 trillion. This move is expected to propel Elon Musk closer to becoming the first trillionaire, thanks to his significant stake in the company. The ambitious IPO aims to sell 555.6 million shares at an expected price of $135 each, marking a monumental step for the space and satellite industry, which could reshape global communications and space travel.
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