SpaceX prepares for public offering that would value company at $1.7 trillion

SpaceX, the aerospace manufacturer founded by Elon Musk, plans to offer shares to the public in an offering that would eclipse all previous initial public offerings by valuation.

The company aims to raise approximately $75 billion through the offering. That capital injection would push SpaceX's valuation to around $1.7 trillion, a figure that would automatically position it above every other publicly traded company by market capitalization.

The planned offering represents a significant milestone for the private space company, which has grown into a major contractor for NASA and operator of commercial satellite launch services. SpaceX has conducted numerous orbital flights and developed reusable rocket technology over the past two decades.

No timeline for the offering has been announced. The specifics of how many shares the company intends to sell and at what price remain undetermined.