Business Technology US & Canada

SpaceX seeks $75bn IPO

SpaceX seeks $75bn IPO

SpaceX executives are holding a series of high-level analyst meetings this week to drum up support for what could be the world's largest-ever IPO. The company is targeting a late June trading debut, with a valuation that could reach $1.75 trillion based on future growth projections.

Documents reveal that President Gwynne Shotwell earned $85 million last year, highlighting the firm's robust financial performance.

Investors are closely watching the proceedings, as the success of the IPO rests on Musk's ambitious vision for satellite internet and interplanetary travel.

SpaceX Bruno Sanchez-Andrade Nuño from Washington, DC, USA, CC BY 2.0
SpaceX
American private aerospace company
Elon Musk
Businessman and entrepreneur (born 1971)
Gwynne Shotwell
American business executive (born 1963)
Wall Street
Street in Manhattan, New York, USA