SpaceX is looking to the heavens for its upcoming initial public offering based on a $1.75 trillion valuation, according to confidential paperwork filed with the US Securities and Exchange Commission.
As reported by Bloomberg, the draft IPO registration is the first step toward a possible June offering that could raise approximately $75 billion. The filing allows the company to get feedback from the SEC before the information is released publicly.
The IPO may be open to more people than just the wealthiest investors. According to a report by The Motley Fool, SpaceX plans to allocate around 30% of the initial shares to “retail investors,” meaning individual investors. Normal retail allocation tends to be around 10% of shares.
A SpaceX representative didn’t immediately respond to a request for comment.
Why a SpaceX IPO is a big deal
Spaceflight is an incredibly expensive endeavor; SpaceX gets billions of dollars from the US government to launch satellites and help keep
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