SpaceX, Elon Musk
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Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Elon Musk's SpaceX is getting ready to break new records on Wall Street — and make one of the world's wealthiest men even wealthier. The space-launch company filed financial information with regulators to pull off what could be the biggest initial public offering ever in mid-June.
SpaceX’s paperwork for its initial public offering could be made public as soon as Wednesday, offering a rare glimpse into the finances of the Elon Musk-led enterprise before its planned record-setting debut.
EchoStar swapped some of its wireless spectrum for a 2% stake in SpaceX in September. It’s stock has doubled since then.
SpaceX filed Wednesday for the an initial public offering that is expected to raise at least $75 million and would value the company at well over $1 trillion.
As Elon Musk readies SpaceX for a highly anticipated initial public offering, Wall Street is racing to find the next big winner in space exploration.
SpaceX has tapped Goldman Sachs for the lead-left slot on its initial public offering prospectus, CNBC reported. Rounding out the lead bank group are Bank of America, Citigroup and JPMorgan Chase, with Bloomberg reporting that Morgan Stanley also holds a lead position.