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NEW YORK: In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX's roadshow begins on Thursday. It earlier held some "testing the waters" meetings with investors. MISSION: MARS AND SPACE DATA CENTERS Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. The company's valuation relies on SpaceX dominating technologies and markets that do not yet exist - from Mars missions to AI data centers in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk's cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX's satellite network, the source added. SpaceX merged with Musk's AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centers in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. MEGA IPO WAVE The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalization to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanize retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX's three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company's cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX's pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol "SPCX." The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
In a surprise move ahead of its investor roadshow, Elon Musk’s SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX’s roadshow begins on Thursday. It earlier held some “testing the waters” meetings with investors. Mission: Mars and space data centres Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. Advertisement · Scroll to continue The company’s valuation relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centres in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk’s cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company, and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX’s satellite network, the source added. SpaceX merged with Musk’s AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centres in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. Mega IPO wave The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalisation to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanise retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX’s three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company’s cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX’s pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol “SPCX.” The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says
Elon Musk's SpaceX plans to price its initial public offering at US$135 per share, selling 555.6 million shares to raise US$75 billion in the largest IPO ever, a source familiar with the matter told Reuters.
Musk will be required to hold his SpaceX shares for 366 days after the IPO, the source said, a signal to investors that he will not be selling any of his investment.
The offering would value Musk’s company at $1.75 trillion, with up to 30% of shares earmarked for retail investors; proceeds are expected to fund AI computing expansion and Starlink growth, while Musk must hold his shares for at least a year
NEW YORK, June 2 : Elon Musk's SpaceX plans to price its initial public offering at $135 per share, selling 555.6 million shares to raise $75 billion in the largest IPO ever, a source familiar with the matter told Reuters.Reuters reported earlier on Tuesday that the rocket and satellite communications company
NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 million shares, the
NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 million shares, the
Would you buy an AI company that's actually a space company from this man? Probably. Elon Musk , who has effectively admitted cheating at video games , may have found the ultimate cheat code that will turn him into the first trillionaire in the global game of capitalism. That may well be the story of the SpaceX IPO , for which the company ...
Elon Musk, in SpaceX's IPO filing, has made interesting claims about the company and its AI capabilities.
Would you buy an AI company that's actually a space company from this man? Probably. Elon Musk , who has effectively admitted cheating at video games , may have found the ultimate cheat code that will turn him into the first trillionaire in the global game of capitalism. That may well be the story of the SpaceX IPO , for which ...
The company’s public-filing paperwork includes details on the finances of its xAI unit, offering the first detailed look at an artificial-intelligence firm”s business model
Investors should start seeing SpaceX as a vertically integrated infrastructure giant spanning space transportation, global communications and AI compute.
IPO filing from Elon Musk’s company reveals closer look at finances, cosmic ambitions and tech empire’s quirks SpaceX publicly released an investor prospectus on Wednesday as part of its plan for a $1.75tn debut on the US stock market next month, revealing unseen details about the finances and future plans of Elon Musk ’s flagship company. In addition to new information on operating costs and revenue, the filing also included trademark Muskian sweeping proclamations about the universe and insights into some of the quirks of his tech empire. Scattered throughout the 300-plus-page prospectus are several disclosures and risk warnings that show the eccentricities of Musk’s company and its cosmic ambitions. Other financial details in the document highlight how interdependent Musk’s various businesses have become and the risks that they carry. Continue reading...
SpaceX's IPO and index inclusion race could trigger up to $95 billion (144 trillion won) in mechanical sell-offs from passive funds tracking the Nasdaq 100 and S&P 500, FT reports.
Grok users seem to be experiencing a heavily glitched video generation tool today, with creators reporting that their AI animations are turning into a complete mess of scrambled noise and frozen objects. The issue is being widely reported, costing paying subscribers their already strictly throttled daily limits on unusable outputs. One poster highlighted the problem [...] The post Grok Imagine users report weird new static glitch ruining NSFW videos after potential moderation update appeared first on PiunikaWeb .
SpaceX's long-awaited IPO filing provides the clearest financial picture yet of Elon Musk's rocket company and its far-reaching ambitions.
SpaceX on WednesdThe filing outlines the structure of the combined SpaceX, xAI and X businesses following a series of corporate changeay released its S-1 filing ahead of a planned IPO, providing new details about the performance of businesses tied to Elon Musk, including X and xAI. s. X was integrated into xAI in March 2025, while xAI was later acquired by SpaceX in February as part of a restructuring. According to the filing, X had about 550 million users as of March 2026, compared with 520 million users in December 2025. The figure is below the 600 million monthly active users previously cited by the company over the past two years. The filing said users generate about 350 million posts daily on X. In 2023, the platform had reported 500 million daily posts, including original posts, replies, quotes and reposts. The document also disclosed that xAI’s Grok chatbot has about 117 million monthly active users, suggesting that around 21% of X users currently use the AI service. X and Grok subscriptions increased by $365 million in 2025. The filing showed the businesses have about 6.3 million paid subscribers, including 4.4 million X Premium and Premium+ subscribers and 1.9 million subscribers to SuperGrok services. xAI reported a $6.4 billion operating loss in 2025 on revenue of $3.2 billion. In the filling, the company noted, “We intend to drive X revenue growth by increasing engagement across our users, increasing X Premium subscriber conversion, growing advertising revenue per user, and diversifying our advertising base.” The company also reiterated plans to expand X into an ‘everything app’ integrating communications, payments, banking, media and real-time information within a single platform. X Money entered beta testing in November 2025, though it did not provide details on a wider rollout. It also read, “We also expect to grow advertising revenue per user and to diversify our advertiser base over time because of X’s compelling advertiser value proposition, large-scale user engagement, real-time content, and advanced AI-driven performance marketing tools.” Advertising revenue at X has declined since Musk acquired the platform in 2022. The company plans to expand advertising capabilities using AI-powered campaign optimization and additional ad formats. It further read, “We intend to drive further advertising revenue growth by improving our performance advertising capabilities, embedding AI to optimize ad campaigns, and launching richer ad formats, including those that increase advertiser return on ad spending and their spend with us.” The filing also suggested the company may consider introducing advertising tied to Grok in the future. It described Grok as an AI model built around access to real-time information from X. SpaceX’s plans to expand AI infrastructure through orbital data centers. The company disclosed a recently signed agreement under which Anthropic would pay $15 billion annually for access to xAI’s Colossus data facilities. The filing presented orbital AI infrastructure as a central part of SpaceX’s long-term strategy, alongside growth plans for X and xAI.
SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI
Perhaps the 420th unforced error from Musk in recent years.
Elon Musk’s SpaceX has said it wants to save humanity from the “same fate as the dinosaurs” as it starts a record-breaking $1.75tn (£1.3tn) initial public offering (IPO).
SpaceX’s planned initial public offering is shaping up as a defining moment for global capital markets and for its founder, Elon Musk, whose ownership structure and cross-company empire could place him on a path toward becoming the world’s first trillionaire. The company confirmed in a securities filing on Wednesday that it intends to sell shares [...] The post SpaceX IPO Could Catapult Elon Musk Toward Unprecedented Trillionaire Status appeared first on Tekedia .
SpaceX disclosed in its S-1 filing that its Redmond, Wash., facility produces approximately 70 Starlink satellites per week, putting hard production numbers on the operation for the first time. The filing also reveals Starlink's financials and names several Pacific Northwest companies as competitors. Read More
SpaceX has officially filed to go public , a move that could make CEO Elon Musk the world's first trillionaire thanks to on his sizable stake in the space company. Other investors are set to profit from the highly anticipated IPO too, including a member of Congress. Congresswoman Owns SpaceX Stake Earlier this year, rep. Lisa McClain disclosed buying shares in Musk-owned AI and social media company xAI, which was merged into SpaceX in February 2026 with a valuation of $250 billion. At the time of the xAI and SpaceX merger, the companies were valued at $1.25 trillion combined. McClain’s purchase, made on Dec. 15, 2025, can be tracked on the Benzinga Government Trades page. She disclosed that her spouse bought between $100,000 and $250,000 in private stock of xAI at the time. Assuming McClain's xAI purchase was made at the $250 billion valuation, the stake has the potential to gain significantly based on SpaceX's target valuation for its upcoming IPO. The holding could be worth even more if the shares were bought at a lower valuation. SpaceX is expected to price for a valuation of $1.75 trillion in its IPO, but many investors, analysts and prediction markets suggest the figure could hit $2 trillion at the share sale or shortly after it. Here's how much McClain's stake would be worth, if the original ... Full story available on Benzinga.com
Anthropic paga 1,25 miliardi di dollari al mese a SpaceX per i data center Colossus. L'accordo vale 15 miliardi di dollari all'anno fino al 2029. The post Anthropic paga SpaceX per i data center Colossus di Musk appeared first on Punto Informatico .
The Tesla Model Y became the first-ever car to reach a legendary Norwegian milestone, surpassing 100,000 new registrations after gaining a reputation as one of the most popular vehicles in the country and the world. As of May 20, Norwegian authorities have registered 100,224 units of the electric SUV, according to data from local outlet [...] The post Tesla Model Y becomes first-ever car to reach legendary milestone appeared first on TESLARATI .
Elon Musk defines himself as an engineer trying to save humanity, while his critics call him a far-right showman who overpromises and underdelivers. Either way, he is the world’s richest person and the founder of some of the most high-profile companies on the planet. Here is a look at his business empire as his space [...] The post Musk’s empire as SpaceX counts down to Wall Street liftoff appeared first on Digital Journal .
With Ashley St. Clair, the devil is really in the details! The social media influencer admitted that she knew the The Ashley St. Clair Casually Recalls When Elon Musk Relationship ‘Started Going South’ first appeared on The Blast
SpaceX expects to complete its $60 billion acquisition of AI coding startup Cursor roughly 30 days after it begins trading publicly, according to Bloomberg, a timeline that would place the deal in July if the company’s blockbuster IPO proceeds on schedule. The rocket, satellite, and artificial intelligence conglomerate is planning to file its public IPO prospectus as [...] This story continues at The Next Web
Elon Musk put OpenAI on trial—and xAI ended up exposed.
Behind the rhetoric about “humanity” sits a brutal struggle for money, control and dominance.
Minnesota just signed a law allowing state-chartered banks and credit unions to hold crypto starting August 1, giving traditional financial institutions a regulated path to custody Bitcoin and other digital assets. That clarity arrives as every new cryptocurrency with real exchange tools attracts more capital than speculative tokens still pitching ideas. While banks prepare to [...] The post New Cryptocurrency Pepeto Crosses $10M as Minnesota Banks Get Green Light for Crypto Custody appeared first on News Pub . The post New Cryptocurrency Pepeto Crosses $10M as Minnesota Banks Get Green Light for Crypto Custody appeared first on News Pub .
With a public backlash against AI mounting, the White House is changing its tune on AI regulation and talks with China on AI.
The post Musk Promised xAI Employees $420 for Their Tax Returns and Then Just... Didn't Pay appeared first on Android Headlines .
It's been a frustrating seven months for my fellow space fans, but Starship Flight Test 12 — introducing the all-new...
Jury selection is to begin Monday in a high-profile legal battle between billionaire Elon Musk and artificial intelligence startup OpenAI, which he accuses of betraying its non-profit mission....
As the courtroom doors swing open on Monday, tech titan Elon Musk steps into a fierce clash against AI powerhouse OpenAI. Musk argues that the organization has strayed from its foundational mission of serving the greater good. With OpenAI's ChatGPT challenging Musk's own AI initiative, Grok, the stakes couldn't be higher.
AUSTIN, Texas — Elon Musk, the visionary CEO of Tesla, SpaceX and xAI, distilled his entire life's work into three simple words Sunday, replying "Yeah" to a viral post that summed up his guiding philosophy as "curiosity & adventure." The understated affirmation, posted on X at 5:24 a.m. GMT, has already exploded across the platform with more than 7.2 million views, 42,000 likes and thousands of replies celebrating the no-frills ethos behind one of the most ambitious careers in modern business and technology.
Billionaire Elon Musk Enters Courtroom Showdown With OpenAI Jury selection is to begin Monday in a high-profile legal battle between billionaire Elon Musk and artificial intelligence startup OpenAI, which he accuses of betraying its non-profit mission. The clash in a courtroom across the bay from San Francisco pits the world’s richest man against a startup [...] The post Billionaire Elon Musk Enters Courtroom Showdown With OpenAI first appeared on The Zambian Observer .
NEW YORK, April 26 — Elon Musk and Sam Altman bonded over artificial intelligence in a project that became O...
The DOJ sued Friday to block Colorado's AI antidiscrimination law before its June 30 deadline, joining Elon Musk's xAI in challenging the 2024 statute. The law requires companies to audit "high-risk" AI for bias against protected groups.
It's official: SpaceX is looking to IPO this summer.
It's official: SpaceX is looking to IPO this summer.
Jury selection is to begin Monday in a high-profile legal battle between billionaire Elon Musk and artificial intelligence startup OpenAI, which he accuses of betraying its non-profit mission.
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A SpaceX executive said xAI is "clearly behind" competition, in a memo sent to staff.
X is rolling out automatic translation worldwide and an AI photo editor for iOS that works like Gemini or ChatGPT, all without leaving the app. Continue reading at TweakTown
The post Elon Musk Requests to Remove Sam Altman from OpenAI in His Latest Lawsuit appeared first on Android Headlines .