SpaceX has confidentially filed to become a public company, a regulatory step Bloomberg reported could lead to an initial public offering as soon as June and a potential $1.75 trillion valuation.
Elon Musk, founder of SpaceX, has folded his xAI business into SpaceX after earlier folding the X social media platform into xAI, which Bloomberg and other outlets say could bring AI assets into the offering.
Bloomberg, citing anonymous sources, and reporting carried by other outlets note major banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are advising, with reports of dual-class shares and as much as 30% of the IPO available to retail investors.
SpaceX operates a high launch cadence and has launched about 10,000 Starlink satellites; Starlink generated $8 billion in 2024 and Bloomberg estimates around $20 billion in revenue by 2026, while SpaceX continues work on Starship and other ambitious projects.
Read the full article at jalopnik.com.
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