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00:02SpaceX raised its target IPO valuation above $2 trillion as it prepares to pitch what could
00:08be the largest market debut, according to Bloomberg. The company and its advisors are
00:12discussing the valuation with prospective investors ahead of upcoming meetings.
00:16SpaceX previously reached a $1.25 trillion valuation after acquiring XAI in February.
00:23The company has filed confidentially for an IPO that could take place in June and could
00:28raise up to $75 billion. Proceeds would fund AI data centers in space and a factory on
00:33the moon. SpaceX has selected major banks for senior roles and plans a syndicate call
00:38and analyst briefing in April as deliberations continue.
00:41For all things money, visit Benzinga.com.
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