SpaceX Aiming for Largest IPO in History

SpaceX's path to the public markets now has a code name -- and a crowd. The Elon Musk-led company has tapped at least 21 banks to work on its planned initial public offering, one of the biggest underwriting squads assembled in recent years, sources tell Reuters. The IPO, internally dubbed "Project Apex" and targeted for June, could value the Texas-based rocket maker at about $1.75 trillion. No company has ever gone public at a valuation above $1 trillion. SpaceX is looking to raise between $40 billion and $80 billion, per the Globe and Mail, with Axios putting the ideal figure at around $75 billion. Any figure in that range would secure the largest IPO of all time, by a long shot.