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The Initial public offering (IPO) of Elon Musk-led SpaceX is one of the most-awaited IPOs of the year, as it is expected to become the biggest ever, potentially surpassing Saudi Aramco’s $29 billion debut.
The space exploration company is expected to raise up to $75 billion. According to a recent report, the company plans on filing for its IPO as early as this week.
Biggest IPO
SpaceX is expected to allocate more than 20% of shares to retail investors during the IPO, which is significant considering the $75 billion it is expected to raise, up from the earlier reported $50 billion.
SpaceX will target a valuation of $1.75 trillion, as confirmed by Musk in a social media …
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