Today's Edition
(AGENCIES)
US tech billionaire Elon Musk’s US space firm SpaceX is aiming for a market valuation of more than $2 trillion, according to a report.
The underwriters are entering the upcoming talks with potential investors with this figure in mind, Bloomberg news agency reported on Friday, citing people familiar with the matter. There has been no official confirmation.
The targeted proceeds from the share placement are said to amount to around $75 billion. This would mean that only a small portion of the share capital would be floated on the stock market.
However, it would be by far the largest initial public offering in history.
On Wednesday, Bloomberg and the Wall Street Journal reported that SpaceX had filed an application for a share placement with the US Securities and Exchange Commission (SEC).
The company had not officially commented on this either.
June is reportedly the target date for the share placement. Currently, only Nvidia ($4.3 trillion), Apple ($3.8), Alphabet ($3.6), Microsoft ($2.7) and Amazon ($2.3) are worth more than $2 trillion.
