SpaceX confidentially files to go public on stock market, reports say

SpaceX confidentially files to go public on stock market, reports say Elon Musk’s rocket company could go public as early as June, Bloomberg reports SpaceX has confidentially filed for an initial public offering on the US stock market, according to reports from Bloomberg and the Wall Street Journal . The IPO is set to be one of the most closely watched and highly valued listings in market history. Elon Musk’s company, which has become a dominant power in both space travel and satellite communications, could potentially seek a valuation upwards of $1.75tn. The confidential filing will give regulators a period to review and discuss the company’s financial disclosures before investors and the public are able to view them. The IPO could take place as early as June, Bloomberg reported, in what is expected to be a banner year for high-value public offerings. Musk’s rival OpenAI is also planning to go public later this year at an immense valuation, announcing on Tuesday that it had closed a funding round of $122bn, in addition to fellow AI firm Anthropic preparing its own IPO. SpaceX is the parent company of Musk’s own artificial intelligence company, xAI. SpaceX did not immediately respond to a request for comment. Musk, already the world’s richest man, stands to grow his fortune even more from the IPO and get closer to becoming the world’s sole trillionaire. A successful public offering would be a major victory for the tech mogul after a volatile year that included overseeing Doge’s gutting of the federal government, widespread protests against Tesla and investigations into his Grok chatbot mass-producing nonconsensual sexualized images of women and children. Over the past decade SpaceX has grown to become the most valuable enterprise in Musk’s sprawling tech empire. It has signed extensive, lucrative contracts with the US government for defense and space travel. The US space program is heavily dependent on the company, with Nasa utilizing SpaceX rockets for the majority...