SpaceX officially files IPO application, offering size and valuation not disclosed

Odaily Odaily Mars Finance reported that SpaceX, under Elon Musk, has announced plans for its largest-ever IPO, providing investors with a comprehensive breakdown of the company's financial details, which encompass rocket launches, satellite broadband, and artificial intelligence businesses. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion in the first three months of this year and an operating loss of $1.9 billion. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to conduct mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the offering size and proposed valuation have not been disclosed, media reports have previously stated that SpaceX discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX. (Jinshi)