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SpaceX Looks to Raise $75 Bln in IPO, FT Reports, Citing Sources

SpaceX told investors it hopes to raise about $75 billion in its initial public offering, higher than the $50 billion it previously signaled, the Financial Times reported, citing unnamed sources.Elon...

SpaceX Looks to Raise $75 Bln in IPO, FT Reports, Citing Sources

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FT.</p><p style=\"text-align: left;\">SpaceX is weighing a staggered lock-up to allow initial investors to sell down their stakes over several months, one source told the FT.</p><p style=\"text-align: left;\">SpaceX didn&#39;t immediately respond to a request for comment, the FT said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SpaceX Looks to Raise $75 Bln in IPO, FT Reports, Citing Sources</title>\n<style 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left;\">SpaceX told investors it hopes to raise about $75 billion in its initial public offering, higher than the $50 billion it previously signaled, the Financial Times reported, citing unnamed sources.</p><p style=\"text-align: left;\">Elon Musk is now targeting a valuation of about $1.75 trillion for SpaceX, according to the FT.</p><p style=\"text-align: left;\">SpaceX hasn&#39;t filed its IPO draft prospectus with U.S. regulators but could do so in the coming days as it aims to make its trading debut by June, the FT said.</p><p style=\"text-align: left;\">Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley have been lined up for lead roles on the planned listing, according to the FT.</p><p style=\"text-align: left;\">Bankers involved are considering allowing existing shareholders to cash out of their positions on the first day, two sources told the FT.</p><p style=\"text-align: left;\">SpaceX is weighing a staggered lock-up to allow initial investors to sell down 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