SpaceX has filed confidentially for IPO ahead of AI rivals [Fortune]
Bank of America Corporation (BAC)
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Source: Fortune
Recommended Video The company submitted its draft IPO registration to the U.S. Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, 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 $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billio
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