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Space X has reportedly filed for an initial public offering. According to the Wall Street Journal and Bloomberg, the company turned in a draft IPO filing to the SEC and would be on track to be listed in June.

Bloomberg said Space X wants to raise as much as 75-billion-dollars and may seek a valuation of one-point-75-trillion-dollars. The filing allows the Texas-based company to get private feedback from regulators and protects itself from public scrutiny temporarily.

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