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

Key points

• 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.