SpaceX targets record $75 billion Nasdaq IPO (opens in new tab)

SpaceX is preparing to price its initial public offering Thursday and begin trading Friday, June 12, on Nasdaq under the ticker SPCX. The company expects to sell about 555.6 million shares at $135 each. The offering would raise about $75 billion and value Elon Musk’s rocket, satellite internet and AI company at roughly $1.75 trillion to $1.8 trillion, surpassing Saudi Aramco’s 2019 IPO as the largest market debut on record. Orders have exceeded the shares available by more than four times, Bl...