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SpaceX Files Confidentially for $75 Billion IPO at $1.75 Trillion Valuation

Elon Musk's SpaceX has filed confidential paperwork with the U.S. Securities and Exchange Commission to go public as soon as June, in what would be the largest initial public offering in history. Bankers say the rocket and satellite-internet giant is targeting a valuation of roughly $1.75 trillion, bolstered by its all-stock merger with Musk's AI startup xAI earlier this year.