Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk‘s Mars ambitions and value the rocket and satellite company at more than $1 trillion, as some have been waiting for years to buy into the company.
SpaceX is looking to raise more than $25 billion in an initial public offering that could come as early as June, a person familiar with the matter told Reuters.
Though it is a high-risk and capital-intensive business, the demand for shares from retail investors will be “substantial,” Shay Boloor, chief market…
