Anthropic · Cerebras · OpenAI · SpaceX · Elon Musk · xAI · CNBC Technology
SpaceX, which confidentially filed for an IPO in April, is planning to disclose its prospectus as soon as next week
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The company is aiming to kick off a roadshow to officially market the deal to investors on June 8, said the sources, who asked not to be named because of a quiet period ahead of the listing process.
Key facts
- Cerebras, an AI chipmaker, soared 68% in its debut on Thursday, closing with a market cap of about $95 billion
- The IPO is expected to be the largest ever, after SpaceX merged with xAI, Musk's artificial intelligence company, in February, in a deal that valued the combined entity at $1.25 trillion
- Wall Street is thirsting for IPOs after a yearslong drought, and investors are particularly excited about anything tied to the AI trade
- The company is aiming to kick off a roadshow to officially market the deal to investors on June 8, said the sources, who asked not to be named because of a quiet period ahead of the listing process
Summary
SpaceX, which confidentially filed for an IPO in April, is planning to disclose its prospectus as soon as next week, according to people familiar with the matter, as Elon Musk's reusable rocket company nears what's expected to be a record share sale. The IPO is expected to be the largest ever, after SpaceX merged with xAI, Musk's artificial intelligence company, in February, in a deal that valued the combined entity at $1.25 trillion. Because this much stock has never been sold in an IPO before, SpaceX's advisers are seeking out unique channels, particularly for what they perceive to be longer-term retail holders outside the U.S., two of the people said.