Bloomberg reports that Elon Musk’s conglomerate has filed confidentially with the SEC, so details are still pending.
What’s expected to be the biggest IPO in history is reportedly underway, as SpaceX has filed for an initial public offering with the Securities and Exchange Commission according to Bloomberg. For now, the filing is confidential.
Under SEC rules, SpaceX isn’t required to make its S-1 prospectus public until 15 days prior to its investor roadshow. We’ll have to wait for details such as Starlink’s subscriber revenue, the Starship program’s cash burn rate, and how recently absorbed xAI fits into the corporate structure.
The company is rumored to target a $1.75 trillion valuation, with a previous Bloomberg report stating SpaceX aims to raise $75 billion in its IPO. Until the S-1 is released, Wall Street can only speculate on how much cash Musk’s orbital empire is generating and whether it all makes sense.