[Sources: SpaceX Plans to Raise at Least $75 Billion Through IPO] Golden Finance reported on June 3 that sources familiar with the matter revealed on Tuesday that Elon Musk's rocket and satellite company, SpaceX, plans to raise at least $75 billion through a record-breaking initial public offering (IPO). According to the sources, after initial discussions with investors, the company has indicated a target valuation of $1.75 trillion (including the greenshoe option, also known as the overallotment option). The sources stated that the greenshoe option grants underwriters the right to issue additional shares if investor demand exceeds expectations. However, the sources cautioned that as investor meetings progress, plans, including the fundraising amount, may be subject to change. The sources also noted that this IPO is expected to adopt a new share issuance structure, meaning all funds raised will go to the company rather than existing shareholders.