SpaceX reportedly files plans for massive IPO

SpaceX, the Elon Musk-owned rocket company that merged earlier this year with his artificial intelligence company xAI, confidentially filed plans for an initial public offering Wednesday in what might be the largest of all time, according to multiple reports.

The filing was reported by Bloomberg, the Wall Street Journal and Reuters, citing unnamed sources familiar with the matter. SpaceX did not immediately respond to a request for comment. The SEC said it had no comment on the matter.

The filing will lead to a sale of shares by June or July, according to the published reports. Confidential filings are used by companies to share information

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Just 10,000 quantum bits might crack internet encryption schemes

Senior physics writer Emily Conover has a Ph.D. in physics from the University of Chicago. She is a two-time winner of the D.C....

Retail sales rose more than expected in February

Washington —  Americans stepped up their spending at US retailers in February, after three consecutive months of declines, showing the US...

‘I’m done’: Rideshare drivers on the brink of quitting over higher gas prices

Tamira Moncur didn’t fill up her tank at an Atlanta-area gas station last month because she was afraid she couldn’t afford it. ...