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SpaceX Sets Sights on Record-Breaking June IPO

SpaceX is preparing for what could be the largest initial public offering in market history, targeting a June listing that would eclipse all previous records. The aerospace company aims to raise up to $75 billion at a valuation exceeding $1.8 trillion, more than double the previous IPO record. The anticipated debut has sparked market confidence regarding founder Elon Musk's personal wealth trajectory, with traders viewing it as probable he will achieve trillionaire status before 2027. Some investors have expressed caution following discrepancies between Musk's public statements and details contained in the company's IPO prospectus, particularly regarding SpaceX's commercial arrangements. The listing reflects investor interest in space-sector equities, though recent market volatility has pressured some space stocks.