NYSE closing bell: SpaceX eyes $1.765 trillion valuation in record IPO

SpaceX, the rocket and satellite company led by billionaire Elon Musk, aimed to raise approximately $75 billion in a record initial public offering, the company said in a regulatory filing on Wednesday.

SpaceX said it will put up for sale 555,555,555 shares at an initial price of $135 each. Should the public offering proceed, Musk's company would shatter the fundraising record previously held by oil giant Saudi Aramco, which raised $25.6 billion in 2019.