SpaceX prepares for historic market debut. Elon Musk's aerospace company is targeting a June 12 Nasdaq listing at a staggering $1.75 trillion valuation, which would make it the largest IPO ever recorded globally. The company plans to raise approximately $75 billion through the offering, surpassing all previous record-breaking public listings. SpaceX selected Nasdaq over the New York Stock Exchange, marking a significant win for the exchange in competitive technology IPO markets. The company is expected to trade under ticker symbol SPCX. An accelerated SEC review process has expedited the listing timeline, with public filing potentially occurring next week and investor roadshow beginning June 4. Founded in 2002, SpaceX revolutionized commercial space through reusable rockets and operates the Falcon rocket fleet, Dragon spacecraft, and Starlink satellite internet service.
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