SpaceX, Elon Musk and IPO
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Elon Musk’s space exploration business thinks it’s worth $1.75tn, but some analysts value it at only half that
SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite and artificial intelligence company targets a historic debut that could clear a path for more mega-listings.
Elon Musk could become the first person in history with a fortune exceeding $1 trillion when SpaceX (NASDAQ:SPCX) begins trading on June 12, with the company’s planned IPO dramatically increasing the value of his holdings.
JPMorgan once sued Tesla, but is now helping hype up SpaceX, which could secure a nearly $2 trillion valuation next week and make Musk the world's first trillionaire.
By Tatiana Bautzer and Nupur Anand NEW YORK, June 4 (Reuters) - Wall Street's investment banking giants are feting hopeful buyers of Elon Musk's SpaceX at splashy events that kicked off on Thursday, offering something most banks can't: access to the rocketmaker's top executives ahead of its blockbuster IPO next week.
Data centers in space, moon hotels, and human life on Mars were some of the ambitious opportunities Elon Musk laid out to JPMorgan CEO Jamie Dimon when asked why SpaceX needed to go public now.