SpaceX IPO Eyes $1.75 Trillion Valuation Amid $75 Billion Raise

AI Summary

SpaceX aims for a $1.75 trillion valuation with its upcoming IPO, seeking to raise $75 billion. This valuation would place SpaceX as the eighth most valuable company worldwide, ahead of Tesla (TSLA). However, the company, which reported $15-$16 billion in revenue last year with $8 billion in profit, would have a price-to-sales ratio of 87 based on projected 2026 revenues of $20 billion. The IPO filing has been made confidentially, limiting investor access to specific financial details.