Elon Musk–led SpaceX reportedly generated approximately $8 billion in profit on revenues ranging from $15 billion to $16 billion last year, offering fresh insight into the company's financial standing as the rocket manufacturer prepares for what could become the world's largest initial public offering.The figures, which had not previously been made public, were reported by Reuters on Friday, citing sources familiar with SpaceX's finances.The company did not immediately respond to Benzinga‘s request for comment. Banks Eye $50 Billion Raise At $1.5 Trillion ValuationAccording to Reuters, the figures have led some banks to estimate that the company could raise more than $50 billion at a valuation above $1.5 trillion. SpaceX is reportedly planning to launch the most significant IPO in the world, close to Musk’s 55th ...Full story available on Benzinga.com
Elon Musk's SpaceX Profits Topped $8 Billion Last Year As Record-Setting IPO Talk Heats Up: Report
