News Summary

• SpaceX is seeking to raise $75 billion in the offering, according to its SEC filing.
• The deal would value Elon Musk's space company at over $1.75 trillion, instantly making it one of the most valuable public companies in the world.
• Scoring SpaceX's business for its IPO is a mark of prestige for Goldman and Morgan Stanley, as well as a likely windfall.
• It's a major market event, a Musk spectacle, and a test of investor appetite for one of Silicon Valley's most ambitious private companies.
• Plus, for the banks leading the IPO charge, it's a good time to bask in the glow of bragging rights.