SpaceX reveals plan for $1.75tn stock market debut | SpaceX
SpaceX on Wednesday unveiled plans to go public on the U.S. stock exchange, disclosing its investor prospectus and revealing details of its financials for the first time. Elon Musk’s rocket and satellite operating company will go public next month at a valuation of around $1.75 billion.
The company, which is the world’s largest rocket maker and has numerous contracts with the U.S. government, confidentially filed for an IPO last month. The filing provided for a period of regulatory review before details are made public.
“Our mission is to build the systems and technologies necessary to make life multiplanetary, understand the true nature of the universe, and extend the light of consciousness to the stars,” SpaceX said in its filing.
More details soon…
