SpaceX files securities documents to go public: source / Photo: Brendan SMIALOWSKI - AFP/File
-
Oversight Board blasts 'inadequate' Meta safeguards for AI deepfakes
-
'In our lane': Fed's Warsh defies Trump but still fighting for credibility
-
Harry makes first public appearance since return to UK
-
Trump admin makes major cut to endangered species protections
-
Princess Diana's brother makes new explosive claims against Charles
-
GM delivers first components for US interceptor missiles
-
Trump admin overhauls key protection for endangered species
-
Travis Scott and Keith Richards feature on GTA VI soundtrack
-
Mbappe draws political fire over Ceuta t-shirt controversy
-
King Charles warns tech bosses of 'existential dangers' of AI
-
Third malaria death in Germany from outbreak tied to Frankfurt airport
-
French fishermen block ports over petrol prices
-
AtlasClear Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interest Income of Approximately $21.9 Million
-
Micron's Taiwan workers say 68 months' bonus not enough
-
'Another arrow to the quiver': World Bank posts record private capital mobilization
-
Canada's Carney pushes 'new alliance' with EU despite Trump threats
-
Ireland to boycott Eurovision 2027 over Gaza
-
Beyond Investment Returns: Families Are Measuring Wealth by Freedom, Continuity, and Legacy, According to Nour Private Wealth
-
India's Tata Sons reappoints N. Chandrasekaran as chairman
-
King Charles disputes claims in book by Princess Diana's brother
-
Germany urges EU action against China to defend carmakers
-
Nepal floods among 'most challenging' disasters: WFP
-
Japan eyes changing prostitution law to punish sex buyers
-
Kids and social media: what would change under new EU law
-
Modi pitches India as global chipmaking hub
-
King Charles to call on tech giants for 'reassurances' over AI
-
Ukraine plans record defence spending in 2027
-
STARPRIME Responds to Diverging Gold Market Demand with AM/PM Fixing and XAU24/7
-
NASA scan discovers new, 'once in a century' Moon crater
-
Where the US-China tariff row stands ahead of White House summit
-
Most stocks rise as Fed hikes and indicates drive to curb inflation
-
Indonesia cash-for-photos scheme turns animal hunters into protectors
-
UK-Sudanese author pens book to give children 'African history of Africa'
-
Bayer to Present How it Rebuilt Global Planning with OMP at Gartner Supply Chain Planning Summit 2026
-
Argentine judge orders suspension of Falklands oil project
-
US Congress passes sweeping Russia sanctions bill
-
US Fed raises rates to tackle 'too high' inflation, irking Trump
-
US stocks fall, dollar gains after Fed lifts interest rates
-
Turkey releases 106 protesters, jails more LGBTQ activists
-
US Fed raises rates to tackle 'too high' inflation in move sure to rile Trump
-
Candidate for UN chief calls for AI regulation akin to nuclear weapons
-
US Fed raises rates to battle inflation in move likely to rile Trump
-
'We're losing control,' AI pioneer Yoshua Bengio tells AFP
-
US House faces test on sweeping Russia sanctions bill
-
IR-MED and Dice Technologies Announce collaboration to Evaluate and Advance Pressure-Injury Prevention Platform in Japan
-
British PM says to make 'difficult decisions' as inflation rises
-
Watts, Pitt, Cruz to light up Spain's top film festival
-
Global fuel price demos: a round-up
-
Toogood Gold's Table Mountain Sits in the Shadow of a Nevada Gold Rush
-
Leverate Launches MCP for Traders to Connect AI Assistants With Trading Platforms
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday.
The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter.
SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment.
US media have reported that the IPO could be valued at a whopping $75 billion or more for a venture with stratospheric ambitions.
The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised $25.6 billion.
SpaceX, which dominates the space launch market with its reusable rockets, is owned by Musk alongside several investment funds and tech companies including Google's parent Alphabet.
The company's rockets vastly reduce the cost of putting satellites into orbit. SpaceX is also the owner of the Starlink satellite constellation.
In February, Musk announced that SpaceX was taking over his artificial intelligence outfit xAI, a step in the billionaire's plan to use SpaceX's rockets to launch solar-powered, satellite-based data centers to develop and run future AI models.
M.Anderson--CPN