Elon Musk's company SpaceX is going public, meaning at some point on Friday,
SpaceX will begin selling shares on the stock market.
And it's aiming to raise a lot of money.
SpaceX is by far the largest IPO ever.
So I don't even have to say the largest that I've covered.
It's the largest ever.
Our colleague Corey Dreebush is an expert in initial public offerings, or IPOs.
And she says that the amount of money that SpaceX is aiming to raise, a whopping $75 billion,
is more than the amount typically raised in an entire year by all other IPOs combined.
So think about the total dollars that are raised in a year by IPOs in the US.
So all of the companies that are listing all the money that they're raising from all these investors.
Yeah, all the companies listing in the US to raise money each year.
If you look back the last 10 years, that total has only exceeded the $75 billion SpaceX is going for twice.
That is, forgive the pun, astronomical.
It's pretty crazy.
So what does that tell you?
It speaks a lot to the craziness of what SpaceX hopes and dreams to do.
They kind of believe in almost the quote unquote impossible.
That puts it among the top 10 most valuable companies in the world.
On paper, does it look like SpaceX is a company that should be worth $1.7 trillion?