SpaceX has reportedly submitted a draft initial public offering (IPO) registration to the U.S. Securities and Exchange Commission (SEC).
According to Bloomberg, SpaceX is targeting a June listing with a valuation of more than $1.75 trillion, making it the largest IPO in history, surpassing Saudi Aramco‘s $29 billion debut in 2019.
By filing confidentially, SpaceX can receive SEC feedback and make adjustments before its prospectus becomes public.
According to previous reports, Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley have all secured senior roles on the deal. Citigroup is also among the banks preparing the IPO.
International banks are also taking part in the process. Royal Bank of Canada, Mizuho Financial Group and Macquarie Group …
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