SpaceX IPO nears as $1.75T valuation draws caution
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SpaceX plans to go public with a $1.75 trillion valuation, seeking to raise up to $75 billion, potentially setting new IPO records. However, IPO expert Jay Ritter cautions that such high valuations require exceptional growth and cost management, which many companies struggle to achieve. Additionally, major U.S. pension funds are urging Elon Musk to eliminate control provisions that could undermine shareholder protections.
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