What Happened
The world’s first trillionaire?
Why It Matters
| Image: Cath Virginia / The Verge, Getty Images What's expected to be the biggest IPO in human history is reportedly underway.
Key Details
- SpaceX has filed for an initial public offering with the Securities and Exchange Commission, according to a report from Bloomberg.
- But for now, the filing is confidential.
- Under SEC rules, SpaceX isn't required to make its S-1 prospectus public until 15 days before it begins pitching to investors on its roadshow.
- That means we'll have to wait for details like Starlink's subscriber revenue, the cash burn rate of the Starship program, and how the recently absorbed xAI fits into the corporate structure.
Background Context
The world’s first trillionaire? | Image: Cath Virginia / The Verge, Getty Images What's expected to be the biggest IPO in human history is reportedly underway. SpaceX has filed for an initial public offering with the Securities and Exchange Commission, according to a report from Bloomberg. But for now, the filing is confidential. Under SEC rules, SpaceX isn't required to make its S-1 prospectus public until 15 days before it begins pitching to investors on its roadshow. That means we'll have to wait for details like Starlink's subscriber revenue, the cash burn rate of the Starship program, and how the recently absorbed xAI fits into the corporate structure. Currently, the company is rumored
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Source: The Verge – Original Link
Source: The Verge
