What Happened
Elon Musk's Space Exploration Company Targets $2 Trillion Valuation
SpaceX is set to make history with a record-breaking IPO, seeking to raise $75 billion at a valuation of over $2 trillion. The company’s journey to public markets has been long, with management previously stating no immediate plans to go public. However, with its stunning growth and mature business lines like Starlink, SpaceX is now poised to reassure public market investors. The IPO is expected to produce significant returns for Elon Musk and early backers, and the company’s future plans include supplementing its data centers with facilities in space. This development was first reported by Bloomberg.