SpaceX CEO Elon Musk appeared to confirm reports that the commercial aerospace company plans to IPO at a valuation of $1.75 trillion while communicating with netizens on the social platform X.
Previously, it was reported that SpaceX is considering secretly submitting IPO documents as soon as March, with a target valuation that is said to exceed US$1.75 trillion. The IPO may raise as much as US$50 billion, which is expected to set a new record for the largest IPO in the world, surpassing the US$29 billion IPO raised by Saudi Aramco in 2019.
On Monday, local time, entrepreneur Peter Diamandis posted on
Musk responded: "Yes," seemingly confirming the reported figure.
