SpaceX Targets $1.75 Trillion Valuation Ahead of IPO Roadshow

SpaceX is seeking a valuation of $1.75 trillion in its initial public offering next week, including additional shares the underwriting banks could sell if investor demand is strong, according to people familiar with the matter.

The latest valuation target solidifies earlier discussions previously reported by The Information, though is short of the up to $2 trillion some previous reports suggested. SpaceX is aiming to raise at least $75 billion in its IPO, the people said. The $1.75 trillion valuation includes the so-called greenshoe offering, or the additional shares available for sale beyond that amount.