Elon Musk’s SpaceX is preparing for a potentially record-breaking IPO, which will make Musk the head of two trillion-dollar publicly traded companies.
In its SEC filing on Wednesday, SpaceX announced plans to list on Nasdaq under the ticker SPCX.
The company had confidentially filed in April, and reports suggest it aims to start marketing the deal with a roadshow beginning June 8.
Founded in 2002 to develop reusable rockets, SpaceX has become NASA’s top launch partner since the end of the space shuttle program in 2011.
Beyond aerospace and defense contracts, SpaceX operates the Starlink satellite internet service with around 10,000 satellites and has an AI unit called xAI, which recently acquired X, the social network formerly known as Twitter.
Source (CNBC)
