00:00SpaceX is targeting a $75 billion raise at a $1.75 trillion valuation in what could be the largest IPO
00:08ever with a roadshow launching the week of June 8th and a prospectus dropping in late May. In an unprecedented
00:15move, the company is reserving a far larger share of the offering for retail investors than is typical, potentially up
00:23to 30% compared to the industry standard of 5 to 10% with CFO Brett Johnson calling retail participants
00:30a bigger part than any IPO in history. SpaceX plans to host 1,500 retail investors at a major event
00:38on June 11th, with everyday investors in the U.S. able to participate. The $1.75 trillion target marks a
00:46dramatic jump from the $800 billion valuation set in SpaceX's most recent tender offer just four months ago.
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