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SpaceX confirmed to plan public IPO filing as soon as Wednesday

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A SpaceX Falcon Heavy rocket carrying the National Oceanic and Atmospheric Administration's (NOAA) weather satellite Geostationary Operational Environmental Satellite U (GOES-U) lifts off from Launch Complex 39A at NASA's Kennedy Space Center, Florida, June 25, 2024.

SpaceX is seeking to file publicly for its long-awaited IPO as soon as Wednesday, according to people familiar with the matter.

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Elon Musk’s rocket, satellite and artificial intelligence company aims to kick off formal marketing as soon as June 4, price its initial public offering as early as June 11 and list on June 12, one of the people said, asking not to be identified as the information isn’t public. Details of the IPO including the size and timing could still change, the people said. The company has picked Nasdaq for its IPO and will list under the ticker SPCX, earlier Friday, citing people it didn’t identify. SpaceX has filed confidentially to go public and is seeking to raise as much as $75 billion at a valuation of more than $2 trillion, Bloomberg News has reported, which would be the largest IPO of all time.

#The Information #Bloomberg #SpaceX #Elon Musk