SpaceX Eyes Record IPO

Elon Musk's SpaceX is planning to set the terms of its initial public offering as early as today, aiming to raise a record-setting $75 billion.

The company reportedly plans to sell 555.6 million shares at $135 apiece, making it one of the largest IPOs in history.

This move could result in multimillion-dollar windfalls for over 1,000 current and former SpaceX employees.

However, analysts have slashed SpaceX's valuation, and concerns have been raised about the risks of investing in the heavily indebted, loss-making company.