ASX to Fall, SpaceX Eyes Mega IPO

ASX to fall, SpaceX eyes mega IPO

The ASX is set to fall after Wall Street slipped overnight as hopes for a swift end to the war in Iran faded again. Follow the latest on our live markets blog.

SpaceX eyes record IPO at nearly $1.8 trillion valuation.

The rocket and satellite company, formally known as Space Exploration Technologies Corp., plans to list its Class A shares on Nasdaq and Nasdaq Texas under the ticker symbol "SPCX." At the proposed offering price, SpaceX would have a market value of roughly $1.77 trillion based on its outstanding shares, placing it among the world's most valuable publicly traded companies, News.Az reports, citing Seeking Alpha. **** The IPO is expected to be a w…