#elon musk Tech News.
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SpaceX plans its IPO on June 12, seeking a valuation over $1.7 trillion, which would make it the ninth-most valuable company globally. The company set a fixed share price of $135, an unconventional move, and plans to sell 555,555,555 shares to raise about $75 billion. SpaceX reported $18.7 billion in revenue last year but a $4.9 billion net loss. The stock would trade at nearly 94 times revenue, banking on long-term space operations and the merged xAI's AI role.
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