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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
SpaceX, owned by Elon Musk, has filed for an initial public offering with a projected valuation of $1.75 trillion, potentially making it the largest IPO in history. This process is expected to generate fees ranging from $800 million to over $1 billion for banks. SpaceX plans to allocate 30% of shares to retail investors, noting that the company reported a net loss of $4.28 billion in the first quarter.