SpaceX files for IPO, targets $1.75 trillion valuation

SpaceX has confidentially filed with the SEC for an initial public offering, aiming for a valuation of approximately $1.75 trillion. This move could result in the largest IPO in history, significantly surpassing previous records. The company recently acquired Elon Musk's AI startup xAI for $250 billion and is reportedly seeking to raise around $75 billion. The filing comes shortly after Nasdaq implemented changes to its index inclusion rules, potentially directing substantial passive investment funds towards newly public companies. SpaceX plans to offer less than 5 percent of its equity, with the IPO potentially occurring in June.