News & Updates
The latest news and updates from companies in the WLTH portfolio.
Elon Musk's SpaceX files confidential initial public offering, reports say
Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Billionaire Elon Musk's SpaceX has confidentially filed for an initial public offering in what could be the largest stock market debut ever, according to Bloomberg and the Wall Street Journal. The space exploration company submitted a draft IPO filing to the Securities and Exchange Commission that puts it on track for a June listing, the news outlets reported, citing people familiar with the matter. SpaceX did not immediately respond to a request for comment. As part of the IPO process, the Texas-based company is aiming to raise as much as $75 billion and could seek a valuation of $1.75 trillion, according to Bloomberg. Saudi Aramco, Saudi Arabia's state-owned petroleum and natural gas company, went public in 2019 for $25.6 billion, according to investment bank Renaissance Capital, while Alibaba, a Chinese company that specializes in e-commerce, went public for $21.8 billion in 2014. The confidential filing allows the company to gather private feedback from regulators and temporarily insulates it from public scrutiny. Once the registration filing is made public, investors will be able to get a snapshot of the company's operations and finances. The injection of funding could help SpaceX further scale its space operations, build more data centers -- which Musk wants to put into space -- and expand Starlink technology to new satellite constellations, Wedbush Securities analyst Dan Ives said in a report last week. Going public could also position SpaceX to get more defense contract opportunities with the Trump administration, particularly for the "Golden Dome" project, Ives added. President Trump announced plans for the Golden Dome last year, a missile defense system to protect the country from aerial attacks. SpaceX, founded by Musk in 2002, develops and launches spacecraft. Last month, the company sent four NASA astronauts on an 8-month mission to the International Space Station. NASA has also tapped SpaceX to develop a "human landing system" -- a specialized spacecraft -- to deliver a crew to the lunar surface as part of its Artemis program. The last moon landing was in 1972. SpaceX's portfolio has grown, with the acquisition of Musk's artificial intelligence company, xAI, in February 2026, boosting the company's valuation to $1.25 trillion. Tesla, Musk's electric car company that went public in 2010, could prove to be a useful test case for SpaceX as it navigates the IPO process. The EV maker has faced some headwinds in the last year due to Musk's involvement with the Trump administration's Department of Government Efficiency, or DOGE, cost-cutting efforts. On the whole, Tesla has performed well financially, although its annual revenue growth has flatlined in recent years. In 2025, the company brought in nearly $95 billion in revenue compared to around $97.7 billion in 2024, according to S&P Capital IQ. Still, the company's investors have reaped major benefits, with the company's share price up more than 73% in the last five years alone. Tesla's self-driving technology and the development of a humanoid robot, dubbed Optimus, are expected to further turbocharge growth, according to Ives. Ives said SpaceX could also eventually absorb Musk's electric vehicle company. He predicts a 2027 merger. "Musk wants to own and control more of the AI ecosystem and step-by-step, the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts looking to lead the AI revolution," he said.
SpaceX finally files for IPO, targets $1.75 trillion valuation
Elon Musk's rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be the biggest initial public offering in history. The Texas-headquartered company filed paperwork with the Securities and Exchange Commission this week for the listing, according to two people familiar with the matter. Confidential filings allow companies to advance their listing plans without publicly revealing their financials. SpaceX last month acquired Musk's loss-making AI startup xAI for $250 billion. SpaceX was seeking to raise about $75 billion and was targeting a valuation of around $1.75 trillion, according to people familiar with the matter. In the US, only Nvidia, Apple, Alphabet, Microsoft, and Amazon have higher market capitalizations. SpaceX was valued at around $90 billion as recently as 2022. SpaceX did not immediately respond to a request for comment. The IPO, which would dwarf the $29 billion raised by oil major Saudi Aramco in 2019, is expected sometime in June, potentially coinciding -- at Musk's behest -- with a rare planetary alignment and the billionaire's 55th birthday.
Musk's SpaceX wants to go public. IPO filing expected to be largest in history
SpaceX has filed for its initial public offering as it moves closer to offering public shares, according to multiple media reports Wednesday. The company, which is based in Texas, could set the largest IPO offering in world history. The current record is set by Aramco, which raised raising $25.6 billion when it offered shares for the first time in 2019, per the New York Times. SpaceX, founded by Elon Musk two decades ago, is a leader in the aerospace field. It bought another Elon Musk company, xAI, earlier this year. The merger saw the combined companies valued at $1.25 billion, according to CNBC.
Elon Musk's SpaceX confidentially files papers for IPO. Here's a guide to US listing process
Elon Musk's SpaceX confidentially filed for what could be a record-breaking U.S. listing, a person familiar with the matter told Reuters on Wednesday, spotlighting the multi-step process IPO hopefuls typically must navigate before their shares start trading. From the filing to market debut, the IPO timeline can range from three to six months, depending on the pace of regulatory review and market conditions. The U.S. Securities and Exchange Commission (SEC) allows companies to file confidentially, allowing issuers the freedom to decide whether to submit the initial draft privately or make it public from the outset. In the months leading up to an IPO, companies hire a group of banks, called underwriters, to run the process, helping gauge demand and set expectations for the offering's potential size. The companies then enter a quiet period when public communications are restricted to avoid influencing investor demand before pricing. The banks prepare a prospectus, typically filed confidentially by high-profile issuers, allowing the SEC to review it privately for any concerns or gaps while keeping sensitive details such as financials, competition out of public view. This is followed by the public filing of the registration statement, which includes the prospectus, a process that can take weeks to months, in a form known as an S-1 for U.S.-incorporated companies and an F-1 for foreign issuers seeking a U.S. listing. It is at this stage that prospective investors get a detailed look at the company's business, risk factors, major backers and shareholders, as well as its chosen exchange and ticker. When the offering size is decided, an amended registration statement, known as an S-1/A or F-1/A, is filed disclosing the number of shares to be offered and an indicative price range. A raise refers to the size of the offering and is calculated by multiplying the number of shares being offered by the company or its existing investors by the high end of the indicated price range. It is at this stage that a company's potential valuation in the IPO is revealed. This is followed by a roadshow, where company executives and underwriters pitch investors and test demand. If early demand is strong, some issuers file a second S-1/A or F-1/A to increase the number of shares on offer or raise the price range. Conversely, if demand is weak, issuers may cut the number of shares or lower the price range. Once underwriters close the books and set the final share price, the offering is considered priced, marking the end of the sale process. Companies may adjust the size of the offering, selling more or fewer shares than initially planned and pricing above or below the indicated range, based on demand. Underwriters then allocate shares to institutional investors based on demand and relationships, often favoring long-term holders after pricing. They may also exercise the so-called greenshoe option, allowing them to sell additional shares to meet excess demand and support the stock in early trading. Some offerings include cornerstone investors, typically large institutional buyers who commit to purchasing shares ahead of the listing, providing early demand and confidence in the issue. Shares begin trading on an exchange the next day after the pricing, with the debut often judged by how the opening price compares with the IPO price, signalling the strength of investor demand. IPO watchers closely track a stock's performance in the weeks following the debut, not just on the first day. Company insiders are typically subject to a lock-up period, usually 90 days to 180 days, that restricts selling their shares.
Analysis:SpaceX's orbital data centers could face same hurdles as Microsoft's abandoned undersea project
LOS ANGELES, April 1 : SpaceX on Wednesday filed for an IPO that Elon Musk says will bankroll an effort to turn the rocket maker into an AI powerhouse, launching up to 1 million data‑center satellites into orbit to bypass power and water limits on Earth. Microsoft had a similar ambition to escape land‑based computing constraints in 2015, when it lowered a shipping‑container‑sized data center onto the seabed off Scotland, aiming to cut energy use through natural seawater cooling and tapping offshore wind and tidal power. Microsoft's "Project Natick," once touted as a potential breakthrough for the data‑center industry, successfully met all its technical targets but underwater data centers were abandoned more than two years ago due to a lack of client demand and unviable economics, two sources with knowledge of the project told Reuters. Asked for comment, a Microsoft spokesperson said: "While we don't currently have datacenters in the water, we will continue to use Project Natick as a research platform to explore, test, and validate new concepts around datacenter reliability and sustainability." Five data center specialists told Reuters that what went wrong for Microsoft is a cautionary tale for SpaceX because although both projects are a world apart geographically, they share key similarities: they both rely on modular units that are expensive to deploy and cannot be expanded, repaired or upgraded - features considered critical by the AI industry. "These problems are likely to be more severe in space than under the sea," said Roy Chua, founder of industry research firm AvidThink, pointing to unresolved questions over how to cool data centers in orbit, high rocket launch costs and the effects of the harsh space environment on AI chips. SpaceX did not respond to a request for comment. SpaceX, which acquired Musk's AI startup xAI in February, could raise up to $75 billion when it goes public, making it potentially the largest IPO in history. The holdings of xAI include social media company X, formerly Twitter, and AI chatbot Grok. MUSK'S SPACE AMBITIONS FACE HURDLES Although Microsoft proved that undersea data centers could work, customers were not interested in scaling them, instead expanding conventional land‑based facilities that allowed cheaper, faster upgrades as AI development accelerated, the two people with knowledge of the project said, asking not to be named due to the sensitivity of the matter. The sealed, "locked‑for‑life" design - which SpaceX would replicate in orbit - has limited flexibility, since AI chips are rapidly improving every year, while a satellite or undersea data center might be replaced only every five to seven years. The economics were also a stumbling block, the two people said. Deploying data centers under the sea was more expensive than building on land, and while those costs might have fallen at scale, doing so would have required tens of billions of dollars in investment. Space will be far more expensive. Analysts at MoffettNathanson, an independent U.S. equity research firm, said in a February research note that Musk's plan to put a million AI satellites in space would run into the trillions of dollars. In order for data centers in space to become commercially viable, launch costs would need to fall from today's low thousands of dollars per kilogram to the low hundreds of dollars per kilogram, analysts say. "The problem is not whether something can work, but whether it makes sense economically versus simply building more capacity on the ground," said Tim Farrar, an independent satellite industry analyst at TMF Associates. Musk says he will overcome the technical and financial hurdles, including radiation exposure, heat management in a vacuum and the need for frequent hardware replacement, by sharply lowering launch costs and developing more resilient AI chips. Demand will not be an issue, Musk says, because Earth's energy resources will quickly be depleted as AI is needed to support a world where robots outnumber humans, all cars drive themselves and space travel becomes routine. "The idea that we just can't solve problems on Earth, like power shortages and environmental issues, strikes me as unrealistically negative about Earth to try and make everything seem better in space," Farrar said. Musk's case hinges on Starship, SpaceX's next‑generation rocket, which is designed to be fully reusable and carry far larger payloads than SpaceX's Falcon rockets. But Starship is years behind schedule and has suffered explosive setbacks in some of its 11 suborbital test flights since 2023. MoffettNathanson estimates that to achieve Musk's goal it would require 3,000 Starship launches a year, or eight per day. Jeff Bezos' space company Blue Origin is also backing orbital data centers. The rocket company said in March that its Project Sunrise concept would add AI computing capacity in orbit, tapping clean solar power while preserving terrestrial data‑center infrastructure. Blue Origin did not respond to a request for further comment. SPACE AI COULD BE NICHE BUSINESS Space data centers do have a future, but it is more likely to complement ground-based data centers, said Claude Rousseau, a research director at Analysys Mason who tracks satellite markets. "I strongly believe that there'll be no way in the foreseeable future that space‑based data centers can replace ground data centers," Rousseau said, adding that it would be a more niche industry serving infrastructure in orbit, like military satellite constellations and space stations. For instance, the International Space Station already hosts experimental systems designed to process data in orbit and reduce reliance on downlink bandwidth. Speaking on the All‑In podcast in February, Nvidia Chief Executive Jensen Huang said the economics of space‑based AI data centers remain unattractive. "We should definitely work on the ground first because we're already here," Huang said, describing orbital AI infrastructure as a longer‑term engineering challenge rather than a near‑term solution. Chua said schemes to move data centers under the sea or into space risk trying to escape problems on Earth and creating a whole new set of harder challenges. "There are many problems that we can solve on Earth before space," Chua said, pointing to gains in AI chip efficiency, better water recycling, and expanded use of solar power and modular nuclear power generation.
SpaceX's Stellar IPO: Musk's Path to Trillionaire Status | Technology
SpaceX is preparing to go public in one of the biggest IPOs, potentially making Elon Musk the first trillionaire. The company aims to raise up to $75 billion to support its ambitions of lunar bases and Mars missions. This IPO is set to be a major event on Wall Street. According to insider reports, SpaceX, the space exploration company founded by Elon Musk, has initiated the process to sell shares publicly. This IPO could be historic, potentially making Musk the world's first trillionaire and valuing SpaceX at $1.5 trillion. Major investment banks are eager to collaborate in raising tens of billions of dollars, intended to fund Musk's ambitious space projects, including establishing a moon base and advancing SpaceX's Mars exploration dreams. As per sources, the offering, potentially unfolding in June, is expected to raise up to $75 billion. Aside from reusable rockets, SpaceX owns Starlink, the largest satellite communications company, and has acquired other Musk ventures, including the social media platform X and the AI company xAI.
Chaos in Machakos as contractors clash with security over unpaid bills
For the second day running, transport and business activities in Machakos Town were disrupted following violent clashes between contractors, suppliers, and security officers. The unrest erupted after the traders staged protests, threatening to march to the Governor's office to demand payment of long-outstanding bills, accusing the county government of failing to settle dues dating back nearly two years. But as Mary Muoki reports, Governor Wavinya Ndeti has dismissed the claims, saying some of the suppliers protesting did not fulfil their contractual obligations.
Galactic Data Ambitions: SpaceX Eyes IPO to Launch AI Satellites into Orbit | Headlines
SpaceX plans an IPO to fund launching up to 1 million AI satellites into orbit, aiming to bypass Earth's constraints. However, historical parallels with Microsoft's undersea data centers raise concerns. High costs and technical challenges cast doubt on the feasibility of space-based data centers versus advancing terrestrial infrastructures. SpaceX's recent IPO filing suggests an ambitious plan to launch up to 1 million AI satellites into orbit, a move that CEO Elon Musk believes will overcome Earth's limitations on power and water resources. This strategy mirrors Microsoft's earlier efforts in 2015 when the tech giant sunk a data center on Scotland's seabed to leverage natural cooling and renewable energy sources. Although Microsoft's underwater data centers met technical goals, they were abandoned due to low demand and economic viability. Microsoft stated its commitment to continue Natick as a research platform. Industry experts advise caution for SpaceX, highlighting parallels between the projects and noting significant challenges with space data centers, such as cooling, rocket costs, and the space environment's impact on AI chips. While some analysts see potential niches for space-based data centers, the highly expensive nature of such ventures versus expanding ground-based data centers poses economic questions. Musk's plan requires massive innovations in cost reduction and AI chip resilience, hinging on vehicle advancements like SpaceX's delayed Starship rocket. Despite optimism about space technology, experts and competitors like Blue Origin suggest focusing advancements on Earth as the immediate priority.
OpenAI & Anthropic Prove the AI Revolution is Just Starting
Currently, geopolitical uncertainty is dominating Wall Street headlines. However, beneath the surface the AI industry remains scorching hot. Below is the latest evidence: While most public artificial intelligence companies are public "pick and shovel" plays, some of the fastest-growing AI companies remain private. This week, evidence emerged from these private companies that AI investment demand remains robust. Tuesday, ChatGPT-parent OpenAI announced that its latest fundraising round received $122 billion in committed capital, making it the largest private funding round in history. The latest investment means that OpenAI's valuation has soared to a whopping $852 billion. An $852 billion post-money valuation means OpenAI is worth more than every S&P 500 company except 12. Meanwhile, the rapid growth of OpenAI illustrates that the AI revolution is on track to be the most disruptive, fastest-growing technology ever. Meanwhile, OpenAI is now generating $2 billion in revenue per month. Additionally, the company says enterprise now makes up 40% of revenue and expects that to rise to 50% by year-end. Alsom, its ads pilot reached a $100 million annualized revenue run rate just six weeks after launch. Ark Invest's (ARKK) Cathie Wood announced a significant investment in OpenAI this week as well. OpenAI now comprises ~3% of the ARKK ETF. Although OpenAI is the first-mover in the industry, Anthropic is currently the fastest-growing AI company. Recently, the company disclosed a mind-boggling $14 billion annualized revenue run rate - a 14x year-over-year increase. The rapid growth is driven by the breakout success of "Claude Code", signaling a shift from chatbots to Agentic AI. Anthropic is currently the leader in enterprise AI and is expected to go public in Q4 2026. The latest funding round shows that Anthropic's valuation has ballooned 50% to $600 billion. Although Anthropic is privately held, SK Telecom (SKM), an early Anthropic investor, gives public investors a means to invest in Anthropic pre-IPO. While geopolitical tensions may provide a constant drumbeat of anxiety for the average investor, the underlying fundamentals of the AI sector tell a much different story. We are witnessing a rare moment where private market valuations are soaring and public bellwethers remain historically undervalued. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. NVIDIA Corporation (NVDA) : Free Stock Analysis Report Sandisk Corporation (SNDK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
Leaked Claude Code Shows Anthropic Building Mysterious "Tamagotchi" Feature Into It
After Anthropic accidentally leaked the source code to its blockbuster Claude chatbot, netizens swiftly pounced to start plowing through its more than 512,000 lines of code -- and have uncovered numerous curiosities sprinkled throughout. In an extensive thread in the r/ClaudeAI subreddit, one user said they found a "Tamagotchi"-like feature buried in the code, referring to the handheld digital pets that you need to keep checking in on to keep them alive. "There's an entire pet system called /buddy. When you type it, you hatch a unique ascii companion based on your user id," the user claimed. "The pet sits beside your input box and reacts to your coding." The user said they found 18 different pet species, including a duck, dragon, capybara, and a so-called "chonk," along with a rarity system resembling those found in Gacha games, which assigns a user a pet based on chance. Will Tamagotchis inside Claude be a mainstay? Likely not: an included string reading "friend-2026-401," the user found, almost certainly means that Anthropic intended the feature to be an April Fools one off. That wasn't the only item of note internet sleuths found. They also uncovered a feature called "kairos" that purportedly can serve as an always-on AI agent that constantly runs in the background and can take actions on your behalf without you having to ask. It can even send push notifications to your phone or desktop to get your attention, users who viewed the code claimed. Others said they found an "undercover" mode to mask the fact that Claude is an AI when contributing code in public repositories, as well as a mood tracking feature that measures a coder's "frustration" levels based on their messages and clues like swear words. Someone also unearthed a message one of Anthropic's coders left in, in which they admit that "memoization here increases complexity by a lot, and im not sure it really improves performance." In all, there's no smoking guns here, but the leak provides an intriguing peek behind the curtain -- as well as easy fodder for any competitors looking to reverse engineer the company's tech. For Anthropic, it's undoubtedly an embarrassing blunder. The code base appears to have been leaked after what's known as a source map file was accidentally left in in a public release of the company's 2.1.88 of Claude Code npm package. A map file links bundled code back to the original source, The Register explains, and one resourceful programmer used it to find where Claude's source code is stored, backing the whole thing up on GitHub. Anthropic scrambled to get the exposed source code pulled by issuing copyright takedowns, though at this point it may already be out of the company's hands. As to how the map filed slipped through the cracks in the first place, Anthropic officially blames "human error" and stressed it was not a "security breach." Notably, however, the leak comes after Anthropic figures have consistently boasted about much of Claude's code is now being produced with the help of the AI itself, and recent incidents at Amazon and a cybersecurity blunder at Meta all caused by AI models raise the possibility that Anthropic's own tool may have played a role in this one, too.
SpaceX files to go public, paving way for record stock offering
Elon Musk's SpaceX has ambitions including solar-powered, satellite-based data centers to run AI models - Copyright AFP/File Brendan SMIALOWSKI Elon Musk's SpaceX has filed papers with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The confidential filing puts the rocket and satellite builder on track to list its shares on a public exchange by July, according to The Wall Street Journal, citing unidentified sources. Media reports have said the initial public offering could be valued at a whopping $75 billion or more, for a venture with stratospheric ambitions. The IPO looks set to blow past a record from 2019, when the oil group Saudi Aramco raised $25.6 billion. SpaceX did not respond to a request for comment, and officials at the Securities and Exchange Commission declined to comment. If successful, SpaceX could arrive on Wall Street with a valuation exceeding $1.75 trillion, putting it among the world's ten biggest companies by market capitalization. After its acquisition of xAI in early February, SpaceX was valued at $1.25 trillion. Analysts have said that taking SpaceX public will require it and Musk to maintain greater transparency, particularly about its revenues. It could also expose the company to investor pressure to focus on profits instead of long-term investments -- such as Musk's plan to build a rocket for sending people to Mars. - 'Enamored' investors - When the documents are released, SpaceX's IPO filing will likely reveal details about its operations, including its satellite and rocket manufacturing, alongside its xAI artificial intelligence arm. Given that investors appear "enamored" with Musk's space and artificial intelligence ambitions, SpaceX could "probably get away with listing in a less exuberant market than some other companies might," said Steve Sosnick of Interactive Brokers. Matthew Kennedy, a senior strategist at Renaissance Capital, said he had little worries that SpaceX would be able to raise such a massive amount of capital, even as markets are roiled by the ongoing war in the Middle East. "US markets are some of the largest, most robust fundraising in the world, and this is a unique company that has captured the imagination of a lot of investors," Kennedy said. He also noted investor enthusiasm in potential advancements on space exploration and in AI, alongside the cash to be made in the telecoms sector. Besides SpaceX, two other tech heavyweights, the AI developers OpenAI and Anthropic, are reportedly planning IPOs this year. SpaceX, which dominates the space launching market with its reusable rockets, is owned by Musk alongside several investment funds and tech companies including Google's parent Alphabet. The company's rockets vastly reduce the cost of putting satellites into orbit. SpaceX is also the owner of the Starlink satellite constellation. In February, Musk announced that SpaceX would take over his artificial intelligence outfit xAI, a step in the billionaire's plan to use SpaceX's rockets to launch solar-powered, satellite-based data centers to run future AI models.
SpaceX files for IPO that could raise a record $75 billion
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make the Hawthorne-based SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX files for IPO that could raise a record $75 billion
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make the Hawthorne-based SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX files for IPO that could raise a record $75 billion
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make the Hawthorne-based SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX files for IPO that could raise a record $75 billion
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make the Hawthorne-based SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX files for IPO that could raise a record $75 billion
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make the Hawthorne-based SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX files for IPO that could raise a record $75 billion
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make the Hawthorne-based SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
Leaked Claude Code Shows Anthropic Building Mysterious "Tamagotchi" Feature Into It
Can't-miss innovations from the bleeding edge of science and tech After Anthropic accidentally leaked the source code to its blockbuster Claude chatbot, netizens swiftly pounced to start plowing through its more than 512,000 lines of code -- and have uncovered numerous curiosities sprinkled throughout. In an extensive thread in the r/ClaudeAI subreddit, one user said they found a "Tamagotchi"-like feature buried in the code, referring to the handheld digital pets that you need to keep checking in on to keep them alive. "There's an entire pet system called /buddy. When you type it, you hatch a unique ascii companion based on your user id," the user claimed. "The pet sits beside your input box and reacts to your coding." The user said they found 18 different pet species, including a duck, dragon, capybara, and a so-called "chonk," along with a rarity system resembling those found in Gacha games, which assigns a user a pet based on chance. Will Tamagotchis inside Claude be a mainstay? Likely not: an included string reading "friend-2026-401," the user found, almost certainly means that Anthropic intended the feature to be an April Fools one off. That wasn't the only item of note internet sleuths found. They also uncovered a feature called "kairos" that purportedly can serve as an always-on AI agent that constantly runs in the background and can take actions on your behalf without you having to ask. It can even send push notifications to your phone or desktop to get your attention, users who viewed the code claimed. Others said they found an "undercover" mode to mask the fact that Claude is an AI when contributing code in public repositories, as well as a mood tracking feature that measures a coder's "frustration" levels based on their messages and clues like swear words. Someone also unearthed a message one of Anthropic's coders left in, in which they admit that "memoization here increases complexity by a lot, and im not sure it really improves performance." In all, there's no smoking guns here, but the leak provides an intriguing peek behind the curtain -- as well as easy fodder for any competitors looking to reverse engineer the company's tech. For Anthropic, it's undoubtedly an embarrassing blunder. The code base appears to have been leaked after what's known as a source map file was accidentally left in in a public release of the company's 2.1.88 of Claude Code npm package. A map file links bundled code back to the original source, The Register explains, and one resourceful programmer used it to find where Claude's source code is stored, backing the whole thing up on GitHub. Anthropic scrambled to get the exposed source code pulled by issuing copyright takedowns, though at this point it may already be out of the company's hands. As to how the map filed slipped through the cracks in the first place, Anthropic officially blames "human error" and stressed it was not a "security breach." Notably, however, the leak comes after Anthropic figures have consistently boasted about much of Claude's code is now being produced with the help of the AI itself, and recent incidents at Amazon and a cybersecurity blunder at Meta all caused by AI models raise the possibility that Anthropic's own tool may have played a role in this one, too.
Here's where Polymarket inside traders think the war is going next
Two decades ago, Barbra Streisand tried to suppress the publication of a little-known photo of her Malibu home and ended up making headlines around the world. Now the Streisand effect, as that phenomenon has come to be known, is in full effect at Polymarket, where anonymous accounts on the prediction market platform have veered into the news after making seriously outsize profits accurately betting on a war in Iran. Fittingly, one of those is BarbaraStreisand. Then there is Magamyman and Planktonbets. All three placed suspiciously well-timed trades on the US striking Iran before the first bombs fell on Tehran on February 28.
BlackSky Stock Surges After SpaceX IPO Reports - BlackSky Technology (NYSE:BKSY)
BlackSky Technology stock is charging ahead with explosive momentum. What's behind BKSY gains? Artemis II Hype Lifts Space Sector The entire space sector is catching a wave of enthusiasm as NASA's Artemis II mission draws renewed attention. Artemis II, scheduled to launch on Wednesday, will send astronauts on a 10‑day crewed flyby around the moon -- the first human mission to lunar space since Apollo 17 more than 50 years ago. The mission serves as a full‑scale test ahead of Artemis III in 2028, when NASA plans to return humans to the lunar surface, and will also demonstrate optical communications between Orion and Earth through the Orion Artemis II Optical Communications System. SpaceX IPO Buzz Adds Fuel To The Rally Adding to the excitement, reports indicate that SpaceX has confidentially submitted a draft IPO filing to the SEC. The company is reportedly targeting a June listing with a valuation above $1.75 trillion, which would make it the largest IPO in history. Major U.S. banks, including Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley, are said to be leading the deal, with international banks such as RBC, Mizuho and Macquarie also involved. The news has triggered a broad rally across space‑related equities as investors anticipate a surge of attention and capital flowing into the sector. BlackSky's Air Force Contract BlackSky also secured an IDIQ award from the U.S. Air Force Research Laboratory this week, along with an initial $2 million task order to speed up development of a large‑aperture optical payload designed for advanced Earth‑observation and space‑domain awareness. The work aims to push beyond BlackSky's current Gen‑2 and Gen‑3 systems, focusing on higher‑frequency imaging, multi‑orbit tracking, and satellites that can act as onboard data‑processing hubs with AI‑enabled communications. CEO Brian O'Toole said the award validates the company's long‑term investment in next‑generation space architectures and fits directly into its constellation roadmap. BKSY Price Action: BlackSky shares were up 11.49% at $28.05 at the time of publication on Wednesday, according to Benzinga Pro. Image: Miha Creative/Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
