SpaceX finally files for IPO, targets $1.75 trillion valuation
Confidential SEC submission sets up largest IPO in history.
Elon Musk’s rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be the biggest initial public offering in history.
The Texas-headquartered company had this week filed paperwork with the Securities and Exchange Commission for the listing, according to two people familiar with the matter.
Confidential filings allow companies to advance their listing plans without publicly revealing their financials. SpaceX last month acquired Musk’s lossmaking AI start-up xAI for $250 billion.
