Elon Musk‘s SpaceX is targeting a valuation of more than $2 trillion in its upcoming initial public offering (IPO), making it a record-setting debut.
The commercial space firms is targeting a June listing at a valuation that would dwarf Saudi Aramco‘s much-hyped $29 billion debut in 2019. Executives at SpaceX plan to meet this month with prospective IPO investors and might include more details that would support the valuation, Bloomberg reported, citing sources it didn’t identify.
On Wednesday, SpaceX submitted a confidential draft initial public offering (IPO) registration to the U.S. Securities and Exchange Commission (SEC).
By filing confidentially, SpaceX can receive SEC feedback and make adjustments before its prospectus becomes public.
According to previous media reports, Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have all secured senior roles on the deal. …
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