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

Odaily Planet Daily News SpaceX, under Elon Musk, has unveiled plans for the largest IPO in history, fully disclosing to investors the financial details of the company encompassing rocket launches, satellite broadband, and artificial intelligence businesses. According to the prospectus submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion and an operating loss of $1.9 billion for the first three months of this year. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to carry out mining operations on near-Earth asteroids. The document also reveals 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 previously indicated that SpaceX has discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX. (Golden Ten)