SpaceX reveals plan for $1.75tn stock market debut that could make Musk a trillionaire

Elon Musk’s rocket and satellite operations company, with extensive contracts with US, to go public next month

SpaceX unveiled its plans to list publicly on the US stock market Wednesday, disclosing its investor prospectus and revealing details about its financials for the first time. Elon Musk’s rocket and satellite operations company will go public on the Nasdaq exchange at a valuation of about $1.75tn under the symbol SPCX, likely on 12 June. It is seeking up to $80bn in investment.

The company, which is the world’s most prominent rocket maker and which has extensive contracts with the US government, confidentially filed for an IPO last month. The filing allowed for a period of regulatory review before the details became public.