Live markets: SpaceX files for massive IPO as Nvidia earnings beat Street expectations

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Elon Musk's SpaceX files for IPO The company will trade on the Nasdaq under the symbol SPCX. Goldman Sachs will lead the offering, alongside Morgan Stanley and Bank of America, among others. The company had a valuation of $1.25 trillion earlier this year, but reports say it could target a valuation above $1.5 trillion in the IPO, at which it's looking to raise $80 billion or more. For perspective, the largest IPO in history was Saudi Aramco's 2019 offering, which raised $26 billion. Per the prospectus, the company held 18,712 bitcoin (BTC) as of March 31, with a cost basis of $661 million and fair value of $1.293 billion. The price of bitcoin has risen since the end of the first quarter, so the fair value today is closer to $1.45 billion.

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