SpaceX Files To Go Public

Reuters reports that SpaceX has confidentially filed for a U.S. IPO, reportedly targeting a valuation above $1.75 trillion. Reuters reports: SpaceX puts more rockets in space than any other company and promises a chance to invest in humanity’s return to the moon and attempt to colonize Mars. The company aspires to put artificial intelligence data centers in space, while running a lucrative satellite communications system that opens up much of the earth to the internet and is increasingly used in war. […]

A public listing at a potential valuation of more than $1.75 trillion comes after SpaceX merged with Musk’s artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion. SpaceX is hosting an analyst day on April 21, encouraging research analysts to attend in person, […]. The company is also offering analysts an optional visit to xAI’s “Macrohard” data center site in Memphis, Tennessee, on April 23, and plans to hold a virtual session on May 4 to discuss financial models with banks’ research analysts, the source said.