According to Bloomberg, citing sources, SpaceX, which is set to go public, has lowered its IPO valuation target from more than USD2 trillion to at least USD1.8 trillion. The company is expected to officially launch its IPO roadshow as early as June 4 and price the offering on June 11, with the stock code SPCX.Details such as the IPO size and valuation are typically adjusted prior to pricing based on investor feedback. It is reported that SpaceX is seeking to raise up to USD75 billion in this IPO, which would mark the largest IPO in history. (mn/da)Related NewsISM Manufacturing PMI for May in the United States is 54.0, higher than the previous value of 52.7. The forecast was 53.
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