TECH NEWS

SpaceX Expects Its IPO To Raise $74.4 Billion

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Valuing the company at $1.75 trillion.

SpaceX has set a price of $135 for shares that will be sold in its upcoming initial public offering, the company has revealed in its amended filing. According to Reuters and The New York Times, it's unusual for companies to set a concrete price a week before it goes public, and they just typically set a price range in case of shifts in investor demand .

The company could still change the price of its shares. It will announce the final price on June 11, with stocks trading the next day. If SpaceX's stocks do sell for $135, it's expected to raise $74.4 billion from the IPO, making it the biggest in historyand giving the company a valuation of approximately $1.75 trillion. It could also make Elon Musk the very first trillionaire. With shares trading at $135, Elon Musk's 50 percent stake...

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