SpaceX aims to make its stock market debut at $1.77 trillion value

Article excerpt

SpaceX is preparing for a stock market debut that would value Elon Musk's space company at $1.77 trillion, according to a securities filing. The company plans to sell over 555 million shares at $135 each. If the IPO closes at that price, SpaceX would rank among the world's most valuable publicly traded companies, far exceeding tech giants like Apple and Microsoft. The filing signals the company's confidence in investor appetite for space-industry stocks at a time when SpaceX has secured major government contracts and launched increasing numbers of Starship tests.