SpaceX Plans Largest IPO in History, Reveals Financial Details

SpaceX, owned by Elon Musk, has announced plans for the largest initial public offering (IPO) in history, revealing comprehensive financial details of its operations in rocket launches, satellite broadband, and artificial intelligence. According to Jin10, the prospectus submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday reported sales of $4.7 billion in the first three months of this year, with an operating loss of $1.9 billion. Post-IPO, Musk will hold 85.1% of the voting rights. The company also plans to engage in mining activities on near-Earth asteroids. The documents further indicate that Anthropic will pay SpaceX $1.25 billion monthly until May 2029. Although the size of the offering and proposed valuation have not been disclosed, media reports previously suggested that SpaceX had discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX.