The German neobank Trade Republic has announced that it will serve as a distribution partner for private investors regarding the planned Initial Public Offering (IPO) of SpaceX. The bank communicated this information to its customers via email on Thursday, noting that further details would be provided in the coming days.
SpaceX, the space company founded by Elon Musk, plans to raise approximately $75 billion in its IPO on June 12th. This would mark the largest IPO in history. With an offering price of $135, the company’s total valuation would stand near $1.8 trillion. Furthermore, this monumental achievement would make Elon Musk the first person to possess a net worth exceeding one trillion dollars.
