SpaceX Said to File Confidentially for IPO Before AI Rivals
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn’t public. A representative for SpaceX didn’t immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75T, people familiar with the matter have said. The company acquired Musk’s artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25T. Bloomberg US Equity Capital Markets Reporter Anthony Hughes joins Paul Sweeney and Scarlet Fu on Bloo
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