SpaceX’s IPO is set to be the biggest ever and could make Elon Musk a trillionaire
SMRTR summary
SpaceX is planning the biggest stock market debut in history, aiming to raise $75 billion by selling shares at $135 each, which would value the company at $1.77 trillion. Despite losing $2.6 billion last year, SpaceX sees massive AI revenue potential and plans to expand its rocket and satellite businesses. The IPO could push Elon Musk's net worth past $1 trillion.
SMRTR provides this summary for quick context. The original article belongs to AP News.
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