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SpaceX reportedly files plans for massive IPO
(CNN) -- SpaceX, the Elon Musk-owned rocket company that merged earlier this year with his artificial intelligence company xAI, confidentially filed plans for an initial public offering Wednesday in what might be the largest of all time, according to multiple reports. The filing was reported by Bloomberg, the Wall Street Journal and Reuters, citing unnamed sources familiar with the matter. SpaceX did not immediately respond to a request for comment. The SEC said it had no comment on the matter. The filing will lead to a sale of shares by June or July, according to the published reports. Confidential filings are used by companies to share information with the SEC and investors before they have to disclose to the broader public. How much SpaceX plans to raise through a sale of some of its shares are not yet available due to the confidential nature. But CEO and principal shareholder Elon Musk is expected to control a majority of voting shares once the details are revealed. And it could make Musk, already the world's richest person, that much richer. SpaceX was valued at $800 billion and xAI $230 billion at their most recent funding round in January according to PitchBook, a research firm that tracks the valuation of private companies. That puts the combined companies' worth at more than $1 trillion. This first public stock sale could push the company's value even higher as investors look to profit from both a dominant company in the business of space travel as well as a major player in the rapidly growing field of artificial intelligence. The filing comes the same day that NASA is set to launch its first crewed mission to the moon since the Apollo program. SpaceX was started in 2002 by Tesla CEO and primary owner Elon Musk. The company has grown to be the dominant player for satellite launches and currently provides the sole way for American astronauts to travel to and from the International Space Station. It also has become a major provider of satellite internet service. Musk confirmed plans for SpaceX's Wall Street debut late last year. SpaceX bought another Musk-owned company, xAI - which is the parent of social media platform X - for an undisclosed amount in February. And at the time of the merger, Musk announced plans to launch a network of one million satellites to serve as AI data centers. That could potentially overcome the massive demands for electricity and cooling water needed by ground-based data centers. This stock sale will not only raise cash for two capital-hungry businesses, SpaceX and xAI, it could also create one of the most valuable companies on the planet. Wall Street's AI buying spree Wall Street has been on a buying spree for AI-related stocks. The most valuable company in the world is AI chipmaker Nvidia, with a current market cap of $4.2 billion, followed by companies with AI plays like Apple, Google parent Alphabet, Microsoft, Amazon and Facebook parent Meta. All are worth at least $1.4 trillion. AI promises investors the chance to benefit from the use of the technology to increase productivity, sometimes at the cost of the number of workers companies employ. SpaceX is at an inflection point. Its next generation of heavy rocket, dubbed "Starship" by the company, is still in development. The rocket has also suffered a number of mishaps and explosions during testing that have cast doubt on Musk's ambitious timelines. More capital could help the company in its pursuit of its more ambitious goals, like colonies on the moon and eventually Mars. The xAI portion of the business has its own substantial cash needs. AI is a field with tremendous profit potential, but huge needs for cash in the near term to build and operate costly data centers. Two other major AI companies, OpenAI and Anthropic, are also reportedly working on plans for an IPO this year. CNN's Hadas Gold and Jackie Wattles contributed to this report. This story has been updated with additional context and reporting. The-CNN-Wire ™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Where will SpaceX IPO get listed, and how will largest stock market listing affect CEO Elon Musk net worth? SpaceX financials, growth drivers and timeline of Musk wealth and business success
Where will SpaceX IPO get listed, and how will largest stock market listing affect CEO Elon Musk net worth? SpaceX has confidentially filed for a US IPO that may value the company above $1.75 trillion and raise more than $50 billion. The expected Nasdaq listing could revive the IPO market, reshape space and AI investments, increase public investor access to SpaceX, and significantly influence Elon Musk net worth and global stock market trends.
Anthropic: US statecraft battles go domestic
The US government's showdown with Anthropic over its blacklisting following a dispute regarding the AI start-up's safety guardrails has become a flashpoint in the Trump administration's use of national security justifications to push the limits of executive power. The Pentagon's designation of Anthropic and its Claude chatbot as a supply-chain risk, following a dispute over the technology's use in mass domestic surveillance and autonomous weapons, has pushed to new levels scrutiny of the government's use of national security justifications to achieve other objectives. Anthropic won a first-round court battle on March 26 when a federal judge temporarily blocked the designation, describing it as an apparent attempt to "punish" the AI lab which doesn't align with its "stated national security interests". It comes just one month after the US Supreme Court struck down the president's use of national security powers to impose the so-called "liberation day" tariffs. Anthropic is the latest example of the Trump administration's willingness to intervene in the private sector, the best known example being its new shareholdings in companies in strategic sectors. Washington insiders say the AI dispute has pushed fears to the top of the agenda at other firms considering doing business with the federal government. "Lots of companies are worried that if they're going to engage [with] the Trump administration and seek a particular policy . . . the price may be an equity stake or some other concession they have to give to the executive branch," says Jim Secreto, a former treasury and commerce department official. Some of Silicon Valley's biggest tech firms have rallied behind Anthropic, in contrast to their reluctance to contest unorthodox policies during the first year of Trump 2.0. At the centre of the dispute is Anthropic's unwavering position that its frontier AI model cannot be used to power fully autonomous weapons or be used in mass surveillance within the US. The Pentagon initially agreed to these terms in a contract struck last year, which made the $380bn start-up the first AI lab to deploy its models in the US military's most sensitive systems. But in the following months it sought to renegotiate the safeguards, insisting the government can use tools in its contract however it sees fit. Anthropic refused to back down, prompting the government to follow through on its public threats, which made Anthropic the first US company categorised as a supply-chain risk. The firm's CEO Dario Amodei labelled the move "retaliatory and punitive" given the Pentagon could have simply walked away from the contract. This use of a tool intended for companies from countries of concern -- most famously Huawei in 2019 -- to curb systemic security risks in government supply chains has shocked the country's national security community. "These authorities were created with . . . malevolent foreign activity in mind," says Kat Duffy, senior fellow at the Council on Foreign Relations. "The idea that they would be deployed against a leading US AI company is frankly astonishing." The lower court's injunction won't take effect until April 2. Irrespective of how the dispute evolves, it is being seen as reaching a new level of coercion by the Trump 2.0 administration. The president and his inner circle have used threats and funding cuts to influence industries from higher education to law firms. Chipmakers Nvidia and AMD have been granted export licences in exchange for the government taking a cut of the revenues. But Anthropic is the first notable use of domestic coercion via national security tools. "Turning these really powerful weapons against a US company is remarkable," says Abraham Newman, a political scientist and professor at Georgetown University. It brings into the domestic domain strategies usually reserved for international statecraft, most notably tariff threats against Europe over digital service taxes and Greenland's sovereignty. Experts warn that transactional use of national security policies weakens their credibility and effectiveness. "[When] there's a real concern that some of the government's actions . . . are not legitimate or if the government is willing to negotiate, such as with TikTok or Nippon Steel, you're going to get more of them willing to push the envelope," says Sarah Bauerle Danzman, a professor of international studies at Indiana University. The consequences of the Anthropic dispute are already reverberating through the private sector. Its supply-chain risk designation prevents all companies from using its tools in any work for the defence department, which is a challenge given its wide adoption by legacy and next-generation defence players like Palantir. If the government ultimately prevails, Emily Benson, head of strategy at intelligence firm Minerva, believes the "biggest problem . . . is the pervasiveness of Anthropic being used by other companies in and around the defense industrial base and advanced technologies". Defence secretary Pete Hegseth is using social media to push companies with Pentagon contracts to stop using Anthropic in all their activities, while other federal agencies have indicated they are following Trump's directive to phase out Anthropic's technology from internal operations Anthropic estimates the blacklisting cost it billions of dollars in revenues this year alone. Duffy describes the move as a "power play aimed at destroying the company", and is among those expecting other firms to think "very carefully" about becoming government suppliers as "there are unique political risks now that did not exist before". The Anthropic episode marks a new level of pushback from the private sector against the second Trump administration. The day before the district court ruling, spokespeople for Microsoft (which filed an amicus brief in support of Anthropic's lawsuit), AWS and Google told fDi they continue to work with Anthropic and offer Claude via its platforms on non-defence related projects. OpenAI, Anthropic's primary competitor which quickly struck a preliminary agreement with the Pentagon to replace Amodei's firm, has been less vocal but issued a statement disagreeing with the supply-chain risk designation. "Given how reluctant so many private sector leaders have been to criticise this administration on anything notable, it's a sign that they are quite nervous about how far [it] might go in punishing private sector companies for political acts," says Geoffrey Gertz, senior fellow at the Center for a New American Security. The difference between the government's actions against Anthropic as opposed to companies in other sectors is, of course, the scale of novel risks presented by frontier AI. Dangers linked to its use in mass surveillance and autonomous weapons challenge tolerance thresholds in ways unrivalled by government equity stakes or funding. For a country intent on winning the AI race, the administration's actions could also present ramifications for its geoeconomic goals. "There are huge risks to see the government . . . limiting the market for AI in dangerous ways by showing it will go against [US] AI companies over national security," says Gertz. "That is going to cause real questions in the market in terms of where, ultimately, the US is going on AI."
SpaceX Files for IPO
Can't-miss innovations from the bleeding edge of science and tech Following months of rumors, Bloomberg reports that Elon Musk's space company SpaceX has confidentially filed for an initial public offering, bringing it one step closer to what could easily be the single-biggest listing in history. Inside sources told the broadcaster that the company had submitted a draft IPO registration to the US Securities and Exchange Commission, while trying to keep the plans under wraps. A confidential listing allows companies to make changes ahead of a filing based on regulator feedback. The paperwork puts the company on track for a June listing, sources told Bloomberg. That means it likely has yet to set a number of shares and price range. Nonetheless, the scale of the offering could be absolutely enormous, with the latest estimates suggesting SpaceX could be going public with a valuation of north of $1.75 trillion. The news comes two months after Musk's embattled AI startup xAI was folded into the rocket manufacturer, highlighting its ambition to launch a megaconstellation of up to one million orbital data centers, according to the mercurial CEO. Naturally, Musk is seemingly looking to retain a considerable amount of power over the company he founded back in 2002. Per Bloomberg, the company is considering a dual-class share structure, which could give insiders, including the richest man in the world, extra voting power. Meanwhile, the pressure continues to mount as all eyes are on SpaceX's super heavy launch platform Starship, which NASA is still hoping to tap for its first attempts to land humans on the lunar surface in over 50 years. The company has yet to successfully launch its Starship into orbit and then safely land it -- something it will be required to do almost a dozen times to fuel up for a single trip to the Moon. There have also been signs of narrative adjustment. After decades of pushing for the first human landing on Mars, Musk recently revealed that SpaceX has "already shifted focus to building a self-growing city on the Moon" instead, as it's closer and easier to reach than the Red Planet. But given the current state of its Starship -- the key component of not only its ambitions to reach the Moon and Mars, but its Starlink internet and data center megaconstellation as well -- SpaceX has work ahead of it to convince public investors.
SpaceX files securities documents to go public: source
Unfortunately you've used all of your gifts this month. Your counter will reset on the first day of next month. Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter.
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter. SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment. US media have reported that the IPO could be valued at a whopping $75 billion or more for a venture with stratospheric ambitions. The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised $25.6 billion. SpaceX, which dominates the space launch 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 was taking 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 develop and run future AI models. jmb-elm/acb
Globalstar Stock Jumps After SpaceX Files Confidentially For Record IPO - Globalstar (NASDAQ:GSAT)
Globalstar shares are climbing with conviction. Why are GSAT shares rallying? SpaceX Filing Lifts Sentiment Across Satellite And Space Infrastructure Names The filing adds a fresh catalyst to the broader space trade and appears to be lifting sentiment around publicly traded satellite and communications names such as Globalstar. Globalstar is a telecommunications infrastructure company built around a low-Earth-orbit satellite network, wholesale satellite capacity and terrestrial spectrum assets, so a blockbuster SpaceX listing can reset how investors think about the scarcity and strategic value of satellite communications businesses. Record SpaceX IPO Could Reprice The Broader Public Space Ecosystem A SpaceX IPO also has the potential to expand investor attention across the entire listed space ecosystem. If the market starts assigning richer valuations to launch, orbit and satellite-connectivity platforms after seeing SpaceX come public at a massive valuation, smaller incumbents like Globalstar can benefit from valuation read-through, renewed retail interest and sharper focus on their own asset base and network expansion story. Globalstar's Existing SpaceX Launch Ties Add A More Direct GSAT Read-ThroughGlobalstar's Next Big Test Arrives With May Earnings Looking further out, the next major catalyst for the stock arrives with the May 7 (estimated) earnings report. EPS Estimate: Loss of 1 cent (Up from Loss of 16 cents YoY) Revenue Estimate: $70.59 million (Up from $60.03 million YoY) GSAT Shares Surge Wednesday Afternoon GSAT Price Action: Globalstar shares were up 5.96% at $70.38 at the time of publication on Wednesday, according to Benzinga Pro data. Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
SpaceX Has Filed Confidentially For Its IPO: Report - ERShares Private-Public Crossover ETF (NASDAQ:XOVR)
SpaceX has reportedly submitted a draft initial public offering (IPO) registration to the U.S. Securities and Exchange Commission (SEC). By filing confidentially, SpaceX can receive SEC feedback and make adjustments before its prospectus becomes public. According to previous reports, Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley have all secured senior roles on the deal. Citigroup is also among the banks preparing the IPO. International banks are also taking part in the process. Royal Bank of Canada, Mizuho Financial Group and Macquarie Group are all focused on managing shares from their respective locations. SpaceX is also reportedly considering a dual-class share structure that could give insiders, including Musk, outsized voting power over corporate decisions. Sources added that executives at Elon Musk's SpaceX plan to meet this month with prospective IPO investors. In February, Musk announced that SpaceX had acquired his artificial intelligence startup xAI. The transaction valued SpaceX at about $1 trillion and xAI at roughly $250 billion, reported Reuters. For more concentrated exposure, investors can target mutual funds and ETFs that disclose sizable positions in SpaceX. Baron Partners Fund (BPTRX) has turned an early, roughly 4% allocation in SpaceX into a massive position now representing about 32% of net assets after successive valuation markups. Sister strategy Baron Focused Growth Fund (BFGIX) lists SpaceX as a core holding at roughly 24.2% of assets, reflecting a similarly high‑conviction bet on launch and Starlink economics. On the venture side, ARK Venture Fund (ARKVX) holds SpaceX as its largest position, with allocations in the low‑teens percentage of assets, bundling the name with other private disruptors. The ERShares Private‑Public Crossover ETF (NASDAQ:XOVR) is the only U.S.‑listed ETF that explicitly holds SpaceX. Photo: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
SpaceX files securities documents to go public: source | International
NEW YORK, April 1, 2026 (BSS/AFP) - Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter. SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment. US media have reported that the IPO could be valued at a whopping $75 billion or more for a venture with stratospheric ambitions. The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised $25.6 billion. SpaceX, which dominates the space launch 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 was taking 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 develop and run future AI models.
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter. SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment. US media have reported that the IPO could be valued at a whopping $75 billion or more for a venture with stratospheric ambitions. The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised $25.6 billion. SpaceX, which dominates the space launch 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 was taking 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 develop and run future AI models. jmb-elm/acb
Elon Musk's SpaceX Confidentially Files IPO: Bloomberg Reports
According to Bloomberg and WSJ sources, Elon Musk's SpaceX has already confidentially filed its IPO, putting the blockbuster stock offering ahead of schedule. The unnamed sources stated that the space company submitted its draft IPO registration to the US Securities and Exchange Commission. The filing puts it on track for a July listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. SpaceX has not publicly commented on the report. Shares in fellow Elon Musk-founded company Tesla (TSLA) did climb over 2.5% shortly after the reports came out. Because SpaceX filed its paperwork confidentially, as is customary these days, most investors will have to wait until closer to the IPO to see the company's financial performance. The confidential process allows regulators and companies to engage in a back-and-forth dialogue about disclosures as they wrap up the paperwork. Furthermore, unnamed sources close to the IPO have also said that SpaceX selected five banks to lead the IPO offering: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Last month, Bloomberg reported that SpaceX plans to file for an IPO at a $1.75 trillion valuation, one of the biggest in history. At a $1.75 trillion market value, SpaceX would be bigger than all but five of the companies in the S&P 500 Index -- Nvidia Corp., Apple Inc., Alphabet Inc., Microsoft Corp., and Amazon.com Inc. It would be larger by that metric than Meta Platforms Inc., as well as Musk's own Tesla Inc. Also Read: Ken Griffin Dumps Tesla, Buys These AI Stocks for $1T Robotaxi Market The space giant combined with Musk's AI company xAI in February, which further boosted the potential Super IPO's value. The firm has also targeted as much as $75B in funding before the IPO. Once made public, SpaceX's filing is expected to shed light on the combined company's operations, which now range from satellite factories and launchpads to xAI's sprawling facility in Memphis.
SpaceX's business and finances: Rockets, satellite communications and budding AI - The Economic Times
SpaceX is gearing up for a massive stock market debut, potentially the largest ever. The Elon Musk-led company is known for its rocket launches and Starlink internet service. SpaceX is also developing its Starship for lunar and Mars missions. Recent financial reports show significant revenue growth. The company's acquisition of xAI further expands its reach into artificial intelligence.
What is Muskonomy, and why is SpaceX IPO the largest ever in history? SpaceX IPO explained as Elon Musk files for public listing
What is Muskonomy, and why is SpaceX IPO the largest ever in history? The SpaceX IPO explained begins with Elon Musk preparing to list SpaceX on a public exchange in what could become the biggest stock market debut ever. The planned listing may value the company above $1.75 trillion and raise more than $50 billion. The move follows the merger of SpaceX with xAI and signals the growing role of private companies in space and artificial intelligence. With contracts from NASA and plans to list on Nasdaq, the IPO could reshape technology, space investment, and public markets. SpaceX IPO explained begins with a confidential filing for a U.S. initial public offering. The listing could value SpaceX above $1.75 trillion. The company may raise more than $50 billion. This would surpass the Saudi Aramco IPO of 2019. SpaceX merged with Musk's artificial intelligence startup xAI before the filing. The deal valued SpaceX at $1 trillion and xAI at $250 billion. The merger connects rockets, satellites, artificial intelligence, and social media data. Investors expect strong demand from institutions and retail investors. The listing could revive the IPO market after years of slow activity. Several technology startups are also preparing listings. Muskonomy refers to Elon Musk's group of companies and their shared financing and technology links. These companies include Tesla, Neuralink, The Boring Company, X, and xAI. The SpaceX IPO explained brings investor focus to this network. Analysts expect strong scrutiny of governance, financing, and leadership. Musk is expected to use a dual-class share structure. This would allow him to retain control after the public offering. Investors are studying whether Musk can manage multiple trillion-dollar companies. Analysts say SpaceX appears operationally mature and profitable. The SpaceX IPO is considered the largest ever in history because the planned valuation is expected to exceed $1.75 trillion. This would place SpaceX ahead of the record set by Saudi Aramco in 2019. The company is also expected to raise more than $50 billion, which is far higher than most past listings. Another reason is the scale of its businesses. SpaceX operates reusable rocket launches, the Starlink satellite internet network, and has integrated artificial intelligence through the merger with xAI. These multiple revenue streams increase investor demand and valuation expectations. Investor interest in Elon Musk companies also plays a role. Many investors seek exposure to space, artificial intelligence, and satellite infrastructure through one company. A listing on Nasdaq would allow both institutional and retail investors to participate, driving strong demand and pushing the IPO toward record size. SpaceX IPO explained through strong financial performance. SpaceX generated about $8 billion in profit on $15 billion to $16 billion in revenue in 2025. Starlink produces 50% to 80% of revenue. The satellite network has more than 9,500 satellites and over 9 million users globally. Launch services also generate revenue from NASA, the U.S. Department of Defense, and global agencies. Revenue has grown rapidly. Revenue doubled from $2.3 billion in 2021 to $4.6 billion in 2022. It reached $8.7 billion in 2023 and $13.1 billion in 2024. SpaceX IPO has reusable rockets and satellite internet. Falcon 9 and Falcon Heavy rockets reduced launch costs. Reusability supports high launch frequency. Starlink provides recurring revenue from internet subscriptions. SpaceX plans to launch up to 1 million solar-powered satellites. These satellites may work as orbital data centers. The plan connects AI computing with space infrastructure. SpaceX is part of a new space race. NASA relies on commercial partners for lunar missions. Defense budgets for space programs continue to grow. Starship is designed for reusable crew and cargo missions. NASA selected Starship as the lunar lander for Artemis III and Artemis IV. Space is now a strategic domain for technology and national security. Blue Origin and United Launch Alliance compete with SpaceX. NASA and defense agencies fund multiple moon and national security missions. SpaceX IPO explained through its timeline. This timeline shows growth from startup to the largest private space company. SpaceX acquired xAI in 2026. The AI company developed the Grok chatbot and acquired the social platform X. The integration connects rockets, satellites, data, and AI infrastructure. AI has become a major investment theme. The SpaceX IPO connects space infrastructure with AI computing. SpaceX IPO is a turning point for investment markets. SpaceX could list on Nasdaq by July. The listing could encourage more startups to go public. OpenAI and Anthropic are considering large IPOs. Investors believe the IPO signals that space exploration is now a mainstream investment sector. SpaceX aims to build a city on the Moon within a decade. Mars settlement remains a long-term goal. NASA says Starship still faces development delays before lunar missions. The IPO may fund lunar missions, Mars plans, satellite expansion, and AI infrastructure. Q1: How will the SpaceX IPO affect the global IPO market? The SpaceX IPO may revive global IPO activity by encouraging large technology and AI companies to list publicly. Strong investor demand could signal renewed confidence in major public offerings. Q2: When could the SpaceX IPO happen and where will it list? The company has filed confidential documents and may list by July. Reports indicate the listing is expected on Nasdaq, depending on regulatory approvals and market conditions.
Anthropic removes 8,000 copies of 'AI disaster' it blamed humans for
Anthropic is scrambling to contain the leaked internal instructions that power Claude Code, its popular AI coding assistant. According to a report by The Wall Street Journal, the company has been successful in forced removal of 8,000 copies of the code by using a copyright takedown request. The leak was the result of a mistake that may cost company dearly. On Tuesday, while rolling out an update to Claude Code, Anthropic mistakenly published a file to GitHub that linked directly back to the tool's underlying source code - instructions that are hidden to prevent outside access. An X (formerly Twitter) user spotted the exposed file almost immediately and spread the word across the platform. Within hours, copies were multiplying across GitHub and Anthropic was quick to clarify the limits of the damage. The company later confirmed that the leak did not expose any customer data or personal information. Crucially, it also did not reveal the AI model weights and it blamed 'human' for the mistake.However, the leaked data was a fascinating for developers who were able to learn how Anthropic engineers work to let its AI systems to behave. Among the discoveries generating the most buzz online:Dreaming: A feature that periodically instructs Claude Code to pause, review its previous tasks, and consolidate its memories.Going Undercover: Instructions that appear to tell Claude Code to, in certain situations, conceal the fact that it is an AI when publishing code to platforms like GitHub.Future product hints: Developers found tags in the code that appear to point toward unannounced product releases, sparking immediate speculation about what Anthropic has in the pipeline.Buddy: Buried in the code was a Tamagotchi-style virtual pet named Buddy that users could apparently interact with.The leak exposed roughly 2,200 files and 30MB of TypeScript. According to engineers who dug through the code, this is at least the third time Anthropic has made this exact mistake.This comes at a time when reports say that Anthropic is eyeing a $380 billion IPO later this year. Bloomberg reported this week that Anthropic is in early discussions with Goldman Sachs, JPMorgan, and Morgan Stanley about a potential October IPO. The company has already rattled markets this year-its Cowork and Claude Code Security updates wiped billions from software and cybersecurity stocks in a matter of weeks.
SpaceX registers to take rocket maker public: reports
Elon Musk's SpaceX has confidentially filed for a US initial public offering, a person familiar with the matter has told Reuters, setting the stage for what could become the largest stock market listing on record. A public listing at a potential valuation of more than $US1.75 trillion ($A2.52 trillion) would signal that space exploration has moved from a speculative venture to a mainstream investment theme. SpaceX's growth has been driven by its reusable rockets and the Starlink satellite internet network. The filing comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $US1 trillion and the developer of the Grok chatbot at $US250 billion. SpaceX is hosting an analyst day on April 21, encouraging research analysts to attend in person, according to a person familiar with the matter who requested anonymity to discuss confidential information. The company is also offering analysts an optional visit to xAI's "Macrohard" data centre site in Memphis, Tennessee, on April 23, and plans to hold a virtual session on May 4 to discuss financial models with banks, where banking teams are invited to participate, the source said. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles, space and satellite ventures, AI and social media. "Investors could use a sum-of-the-parts analysis but, like with Tesla, SpaceX's valuation could very much fluctuate wildly based off how much the public believes in Musk's vision," said Angelo Bochanis, data and index associate at Renaissance Capital, a provider of IPO-focused research and ETFs. "So far, investors seem to be clamouring for any sort of exposure to SpaceX." SpaceX did not immediately respond to a Reuters request for comment. The Starbase, Texas-headquartered firm could seek to raise more than $US50 billion in the IPO, handily surpassing the 2019 flotation of Saudi Aramco, which remains the largest IPO on record. A blockbuster SpaceX debut could jolt the IPO market back to life after years of subdued activity, with market participants expecting strong demand from both retail and institutional investors, some drawn by Musk's brand and others seeking exposure to SpaceX's fast-growing space and satellite businesses. SpaceX is the world's most valuable privately held company, based on the valuation implied by its merger deal with xAI. The rocket startup was last valued at about $US800 billion in a secondary share sale independently. Several other high-profile startups, including ChatGPT maker OpenAI and rival Anthropic, are also said to be weighing large IPOs, setting up a broader test of investor appetite for new listings. Many large startups have remained private for longer, tapping deep pools of capital in private markets, but a listing by a company such as SpaceX could encourage more of them to pursue public offerings. Bloomberg News first reported on the confidential filing earlier on Wednesday. A confidential filing allows a company to submit IPO documents to regulators privately, giving it time to address feedback and refine disclosures away from public scrutiny.
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter.
SpaceX registers to take rocket maker public in blockbuster IPO, source says - The Korea Times
SpaceX signage displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California on Mar. 26. Elon Musk's SpaceX has filed confidential papers with U.S. securities regulators to go public, U.S. media reported on Wednesday. The filing, which could be the largest initial public offering of all time, puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal and Bloomberg, which cited people familiar with the matter. AFP-Yonhap Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, setting the stage for what could become the largest stock market listing on record. A public listing at a potential valuation of more than $1.75 trillion would signal that space exploration has moved from a speculative venture to a mainstream investment theme. SpaceX's growth has been driven by its reusable rockets and the Starlink satellite internet network. The filing comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion. SpaceX is hosting an analyst day on April 21, encouraging research analysts to attend in person, according to a person familiar with the matter, who requested anonymity to discuss confidential information. The company is also offering analysts an optional visit to xAI's "Macrohard" data center site in Memphis, Tennessee, on April 23, and plans to hold a virtual session on May 4 to discuss financial models with banks, where banking teams are invited to participate, the source said. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles, space and satellite ventures, AI and social media. "Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX's valuation could very much fluctuate wildly based off how much the public believes in Musk's vision," said Angelo Bochanis, data and index associate at Renaissance Capital, a provider of IPO-focused research and ETFs. "So far, investors seem to be clamoring for any sort of exposure to SpaceX." SpaceX did not immediately respond to a Reuters request for comment. Largest IPO ever The Starbase, Texas-headquartered firm could seek to raise more than $50 billion in the IPO, handily surpassing the 2019 flotation of Saudi Aramco, which remains the largest IPO on record. A blockbuster SpaceX debut could jolt the IPO market back to life after years of subdued activity, with market participants expecting strong demand from both retail and institutional investors, some drawn by Musk's brand and others seeking exposure to SpaceX's fast-growing space and satellite businesses. SpaceX is the world's most valuable privately held company, based on the valuation implied by its merger deal with xAI. The rocket startup was last valued at about $800 billion in a secondary share sale independently. Several other high-profile startups, including ChatGPT maker OpenAI and rival Anthropic, are also said to be weighing large IPOs, setting up a broader test of investor appetite for new listings. Many large startups have remained private for longer, tapping deep pools of capital in private markets, but a listing by a company such as SpaceX could encourage more of them to pursue public offerings. Bloomberg News first reported on the confidential filing earlier on Wednesday. A confidential filing allows a company to submit IPO documents to regulators privately, giving it time to address feedback and refine disclosures away from public scrutiny. 'Muskonomy' A listing would deepen analyst and investor scrutiny of "Muskonomy" -- the billionaire's sprawling business empire and intertwined fortunes -- bringing renewed focus to how his companies are financed, governed and valued across markets. "A likely dual-class share structure would let Musk tap public capital while retaining firm control, even after the substantial dilution that comes with a public offering," said Minmo Gahng, assistant professor of finance at Cornell University. He runs electric vehicle maker Tesla, brain-chip maker Neuralink and tunnel-digging firm The Boring Company. Musk also folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform's data and distribution network. Questions about Musk's ability to oversee multiple companies with market values exceeding $1 trillion could temper investor enthusiasm, analysts say. "It is understandable that investors would be concerned with Musk overseeing multiple significant enterprises, especially given his polarizing public profile at times. However, SpaceX appears somewhat differentiated," said Kat Liu, vice president at IPOX. "The business is operationally mature, technologically ahead in several key areas, and profitable, which provides a solid fundamental underpinning." Space race The move comes as NASA is set to launch four astronauts as soon as Wednesday evening on a 10-day flight around the moon, marking the most ambitious U.S. space mission in decades. SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, Reuters reported in January, citing people familiar with the matter. A growing number of billionaires and private firms have bankrolled a fresh space race in the U.S., investing heavily in rockets, satellite networks and lunar ambitions, including SpaceX and Jeff Bezos' Blue Origin. Space stocks jumped on the news, with Intuitive Machines last up 11 percent, while Planet Labs, AST SpaceMobile and Rocket Lab added between 6 percent and 10 percent. As NASA leans more on commercial partners and defense budgets climb, space is emerging as a strategic battleground shaped by technological edge, national security priorities and the promise of new economic gains. SpaceX has also sought permission to launch up to 1 million solar-powered satellites engineered as orbital data centers, far beyond anything currently deployed or proposed. NASA engineers and technologists have speculated for nearly two decades about moving energy-hungry computing off the planet. SpaceX's merger with xAI has drawn investor attention to how Musk could use a tightly integrated network of rockets, satellites and AI systems to overcome technical and capital hurdles, extending artificial intelligence infrastructure beyond Earth. Artificial intelligence has become Wall Street's favorite theme, with anything tied to AI helping fuel a powerful rally in technology stocks and lifting valuations across the sector.
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SpaceX files securities documents to go public - source
The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter. SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment. US media have reported that the IPO could be valued at a whopping US$75 billion or more for a venture with stratospheric ambitions. The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised US$25.6 billion ($44.3b)
SpaceX registers to take rocket maker public in blockbuster IPO, Reuters' source says
Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, setting the stage for what could become the largest stock market listing on record. A public listing at a potential valuation of more than US$1.75 trillion would signal that space exploration has moved from a speculative venture to a mainstream investment theme. SpaceX's growth has been driven by its reusable rockets and the Starlink satellite internet network. The filing comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion. SpaceX is hosting an analyst day on April 21, encouraging research analysts to attend in person, according to a person familiar with the matter, who requested anonymity to discuss confidential information. The company is also offering analysts an optional visit to xAI's "Macrohard" data center site in Memphis, Tennessee, on April 23, and plans to hold a virtual session on May 4 to discuss financial models with banks, where banking teams are invited to participate, the source said. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles, space and satellite ventures, AI and social media. "Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX's valuation could very much fluctuate wildly based off how much the public believes in Musk's vision," said Angelo Bochanis, data and index associate at Renaissance Capital, a provider of IPO-focused research and ETFs. "So far, investors seem to be clamoring for any sort of exposure to SpaceX." SpaceX did not immediately respond to a Reuters request for comment. The Starbase, Texas-headquartered firm could seek to raise more than $50 billion in the IPO, handily surpassing the 2019 flotation of Saudi Aramco, which remains the largest IPO on record. A blockbuster SpaceX debut could jolt the IPO market back to life after years of subdued activity, with market participants expecting strong demand from both retail and institutional investors, some drawn by Musk's brand and others seeking exposure to SpaceX's fast-growing space and satellite businesses. SpaceX is the world's most valuable privately held company, based on the valuation implied by its merger deal with xAI. The rocket startup was last valued at about $800 billion in a secondary share sale independently. Several other high-profile startups, including ChatGPT maker OpenAI and rival Anthropic, are also said to be weighing large IPOs, setting up a broader test of investor appetite for new listings. Many large startups have remained private for longer, tapping deep pools of capital in private markets, but a listing by a company such as SpaceX could encourage more of them to pursue public offerings. Bloomberg News first reported on the confidential filing earlier on Wednesday. A confidential filing allows a company to submit IPO documents to regulators privately, giving it time to address feedback and refine disclosures away from public scrutiny. A listing would deepen analyst and investor scrutiny of "Muskonomy" -- the billionaire's sprawling business empire and intertwined fortunes -- bringing renewed focus to how his companies are financed, governed and valued across markets. "A likely dual-class share structure would let Musk tap public capital while retaining firm control, even after the substantial dilution that comes with a public offering," said Minmo Gahng, assistant professor of finance at Cornell University. He runs electric vehicle maker Tesla, brain-chip maker Neuralink and tunnel-digging firm The Boring Company. Musk also folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform's data and distribution network. Questions about Musk's ability to oversee multiple companies with market values exceeding $1 trillion could temper investor enthusiasm, analysts say. "It is understandable that investors would be concerned with Musk overseeing multiple significant enterprises, especially given his polarizing public profile at times. However, SpaceX appears somewhat differentiated," said Kat Liu, vice president at IPOX. "The business is operationally mature, technologically ahead in several key areas, and profitable, which provides a solid fundamental underpinning." The move comes as NASA is set to launch four astronauts as soon as Wednesday evening on a 10-day flight around the moon, marking the most ambitious U.S. space mission in decades. SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, Reuters reported in January, citing people familiar with the matter. A growing number of billionaires and private firms have bankrolled a fresh space race in the U.S., investing heavily in rockets, satellite networks and lunar ambitions, including SpaceX and Jeff Bezos' Blue Origin. Space stocks jumped on the news, with Intuitive Machines last up 11 per cent, while Planet Labs, AST SpaceMobile and Rocket Lab added between six per cent and 10 per cent. As NASA leans more on commercial partners and defense budgets climb, space is emerging as a strategic battleground shaped by technological edge, national security priorities and the promise of new economic gains. SpaceX has also sought permission to launch up to 1 million solar‑powered satellites engineered as orbital data centers, far beyond anything currently deployed or proposed. NASA engineers and technologists have speculated for nearly two decades about moving energy‑hungry computing off the planet. SpaceX's merger with xAI has drawn investor attention to how Musk could use a tightly integrated network of rockets, satellites and AI systems to overcome technical and capital hurdles, extending artificial intelligence infrastructure beyond Earth. Artificial intelligence has become Wall Street's favorite theme, with anything tied to AI helping fuel a powerful rally in technology stocks and lifting valuations across the sector.
