SpaceX Puts the Wheels in Motion for Its IPO: 5 Reasons Why I Plan to Completely Avoid It

More than six years ago, oil titan Saudi Aramco debuted in overseas markets and raised a record $29.4 billion from its initial public offering (IPO). In the coming months, space and technology company SpaceX has an opportunity to dethrone Saudi Aramco.According to reports from Bloomberg News and Reuters on April 1, billionaire Elon Musk's SpaceX has confidentially filed for a U.S. IPO. Musk's mega-company is reportedly seeking a valuation of approximately $1.75 trillion (not an April Fool's Day joke) and aims to raise between $50 billion and $75 billion, based on various reports and speculation. If accurate, SpaceX would debut as the sixth-largest public company in the U.S. -- ahead of Tesla (NASDAQ: TSLA) -- and potentially raise more than twice as much as Saudi Aramco did during its IPO.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool