What Happened
Elon Musk's Space Company Targets June Listing on Nasdaq
SpaceX is moving closer to a long-awaited initial public offering, with the company expected to publish its IPO prospectus as early as next week. The prospectus release will give investors their first official look at SpaceX’s financial performance, risk factors, and corporate governance. According to reports from CNBC, the Financial Times, and Bloomberg, SpaceX is targeting a valuation of around $1.25 trillion and could raise roughly $70 billion to $75 billion in the offering. The company has engaged a group of major investment banks to underwrite the offering, with the investor roadshow expected to begin around June 8. This development was first reported by MLQ.ai.