SpaceX (SPCE) Sets IPO Share Price at $135, Valuation Hits $1.75T

AI Summary

SpaceX has announced a share price of $135 for its upcoming IPO, raising its valuation to approximately $1.75 trillion, an increase from $1.25 trillion earlier this year. The company aims to raise $75 billion, marking the largest IPO target on record. In 2022, SpaceX generated $18.6 billion in revenue but reported a net loss of $4.9 billion. As of now, it holds $102 billion in assets against $60.5 billion in debt, which could influence investor interest as trading begins on Nasdaq on June 12.