What Happened
Elon Musk's Company Prepares For Historic Public Listing
SpaceX is reportedly accelerating its plans to go public, with an initial public offering (IPO) potentially happening as early as June. The company, led by Elon Musk, is seeking a valuation of $1.75 trillion and aims to raise $75 billion in the offering. According to Reuters, SpaceX has filed paperwork and is preparing for an IPO roadshow, with BlackRock considering a major investment. This development was first reported by Reuters.