By Anayo Akwitti
The space company is gearing up for what is expected to be the largest-ever stock market debut.
SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world’s first trillionaire.
The space company is gearing up for what is expected to be the largest-ever stock market debut.
It expects to sell 555.6 million shares at $135 (£100) a piece in its initial public offering (IPO).
The estimated proceeds would easily top the $26bn raised by oil giant Saudi Aramco in 2019.
What’s more, the flotation would give SpaceX a market value of $1.77trn (£1.53tn). Only six companies in the S&P 500 are currently worth more, the largest being Nvidia at $5.2tn.
