Elon Musk's SpaceX eyes $1.77tn valuation ahead of historic IPO

SpaceX, Elon Musk's rocket company, is targeting a valuation of nearly $1.77 trillion in its initial public offering, the largest in history. In a SEC filing, it plans to sell 555.6 million shares at $135 each, raising about $75 billion. Musk, who holds a 42% stake, is poised to become the world's first trillionaire. Shares will trade on the Nasdaq from June 12.