SpaceX Seeks $1.75 Trillion IPO Valuation After $4.28 Billion Q1 Loss

GateNews
According to its May 21 filing, SpaceX is seeking an IPO valuation of $1.75 trillion after reporting a $4.28 billion loss for the first quarter ended March 31. Starlink, the company's satellite internet division, remained profitable and accounted for 69% of total sales, with subscriber numbers more than doubling year-over-year to 10.3 million.
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