Elon Musk’s SpaceX has taken a major step toward becoming a publicly traded company by confidentially filing for an initial public offering with securities regulators.
CNBC reports that Elon Musk’s rocket and satellite company submitted its paperwork to the SEC in private, according to sources who spoke with CNBC’s David Faber, setting in motion what financial analysts expect could become the largest IPO in history.
SpaceX could pursue a valuation exceeding $1.75 trillion with a potential listing around June. The filing comes after SpaceX merged with Musk’s artificial intelligence company xAI in February, a combination that Musk valued at…
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