SpaceX finally files for IPO, targets $1.75 trillion valuation
Elon Musk’s rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be the biggest initial public offering in history. The Texas-headquartered company filed paperwork with the Securities and Exchange Commission this week for the listing, according to two people familiar with the matter. Confidential filings allow companies to advance their listing plans without publicly revealing their financials. SpaceX last month acquired Musk’s loss-making AI startup xAI for $250 billion. Read full article Comments
Elon Musk’s rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be the biggest initial public offering in history.
The Texas-headquartered company filed paperwork with the Securities and Exchange Commission this week for the listing, according to two people familiar with the matter.
Confidential SEC submission sets up largest IPO in history.
SpaceX was seeking to raise about $75 billion and was targeting a valuation of around $1.75 trillion, according to people familiar with the matter. In the US, only Nvidia, Apple, Alphabet, Microsoft, and Amazon have higher market capitalizations. SpaceX was valued at around $90 billion as recently as 2022.
SpaceX did not immediately respond to a request for comment.
