SpaceX files securities documents to go public: source / Photo: Brendan SMIALOWSKI - AFP/File
-
Comet returns as online electrical marketplace 14 years after collapse
-
Belgian PM Bart De Wever Given New Deadline to Resolve €10 Billion Budget Deadlock
-
KUFOS Signs MoU With Old Dominion University to Expand Academic Ties
-
$1.8 Billion Pledged for Biodiversity at COP17 as Monaco Reaffirms Commitment
-
Karen Wazen Launches First Standalone Boutiques in Cairo
-
Phoenix Symphony Resumes Performances Amid Financial Uncertainty
-
Opti Digital Launches NEXA, an AI-Powered Intelligence Layer
-
Municipal Elections: How Service Failure Becomes a Public Health Crisis in South Africa
-
Turkish Energy Minister Highlights Qatar as Key Partner for Regional and Global Energy Security
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday.
The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter.
SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment.
US media have reported that the IPO could be valued at a whopping $75 billion or more for a venture with stratospheric ambitions.
The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised $25.6 billion.
SpaceX, which dominates the space launch market with its reusable rockets, is owned by Musk alongside several investment funds and tech companies including Google's parent Alphabet.
The company's rockets vastly reduce the cost of putting satellites into orbit. SpaceX is also the owner of the Starlink satellite constellation.
In February, Musk announced that SpaceX was taking over his artificial intelligence outfit xAI, a step in the billionaire's plan to use SpaceX's rockets to launch solar-powered, satellite-based data centers to develop and run future AI models.
Nogueira--PC
