SpaceX seeks $75 billion in Nasdaq IPO, sources say (opens in new tab)

SpaceX is moving toward a Nasdaq listing expected on June 12 after filing IPO paperwork that several sources said targets about $75 billion in proceeds and values the company at roughly $1.75 trillion. If completed on those terms, it would be the largest IPO on record. The company, founded by Elon Musk, now includes rocket launches, the Starlink satellite internet business and xAI, after an earlier merger of Musk's artificial-intelligence company into SpaceX, according to accounts of the pros...