SpaceX says it’s worth $1.75tn as it nears stock market debut

https://www.bbc.com/news/articles/cvgz237n40jo >In a filing with the US Securities and Exchange Commission detailing its plans for an initial public offering (IPO), SpaceX said its shares should go for $135 (£100) each, ratcheting up its own valuation of the firm to roughly $1.75tn. SpaceX is expected to start trading on the Nasdaq stock index on **12 June**, making its price estimate one of, if not the earliest price estimates, in stock market history. The company is aiming to raise $75bn, the most ever for an IPO. The revelation does not mean its shares will sell for the proposed price, as this will ultimately be decided by buyers. The price could go up or down. SpaceX, which builds space exploration rockets and infrastructure but also owns xAI and Starlink, revealing its estimated share price more than a week before its public debut is unusual.