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00:02SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming IPO,
00:08down from an earlier target above $2 trillion reported in April, according to Bloomberg.
00:13The company is seeking to raise as much as $75 billion, which would make it the largest IPO ever.
00:21SpaceX filed its IPO prospectus on May 20th, revealing $18.7 billion in revenue in 2025,
00:29up from $14 billion the prior year, and a net loss of $4.94 billion compared to a profit of
00:36$791 million in 2024.
00:40The company acquired Elon Musk's XAI in February.
00:44Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JP Morgan are among the banks leading the offering.
00:51SpaceX plans to list on NASDAQ under the symbol SPCX.
00:56SpaceX did not immediately respond to Bloomberg's request for comment.
01:00For all things money, visit Benzinga.com.
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