SpaceX announces plans for $80B IPO, targeting $1.75T valuation as early as June. Elon Musk's personal appeal seen as key factor amid ongoing losses in most divisions.
SpaceX, Elon Musk's company, has announced plans for the world's largest IPO, potentially raising $80 billion and valuing the company at $1.75 trillion, with the share sale expected as early as June. Experts say the success hinges largely on Musk's personal influence, as most of SpaceX's divisions remain unprofitable.
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