News & Updates
The latest news and updates from companies in the WLTH portfolio.
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.
Anthropic accidentally leaked thousands of lines of code
Anthropic inadvertently released internal source code behind its popular artificial-intelligence-powered Claude coding assistant, raising questions about the security of an AI model developer that has built its brand on prioritizing safety. "Earlier today, a Claude Code release included some internal source code. No sensitive customer data or credentials were involved or exposed," Anthropic said in an emailed statement late Tuesday. "This was a release packaging issue caused by human error, not a security breach." The accidental release marked Anthropic's second security slipup in a matter of days, compromising approximately 1,900 files and 512,000 lines of code related to Claude Code -- an agentic coding tool that runs directly inside developer environments. Last week, Fortune separately reported that Anthropic had been storing thousands of internal files on a publicly accessible system, including a draft blog post that detailed an upcoming model known internally as both "Mythos" and "Capybara." The exposures couldn't come at a worse time for Anthropic, which was declared by the U.S. government to be a supply chain risk earlier this year and is fighting the designation in court. The company has warned that the labeling could cost it billions of dollars in lost revenue. The latest accidental release involving Claude Code first came to light in a post on the social media platform X that purported to share a link to the code and garnered more than 30 million views. The leak has touched off thousands of posts online by people saying they've scoured the code. Some have claimed they've unearthed yet-to-be-released features, as well as quirks in the existing Claude Code system. Several experts raised concerns about potential security vulnerabilities. "Attackers can now study and fuzz exactly how data flows through Claude Code's four-stage context management pipeline and craft payloads designed to survive compaction, effectively persisting a backdoor across an arbitrarily long session," AI cybersecurity firm Straiker said in a blog post. For its part, Anthropic said it's "rolling out measures to prevent this from happening again." In February, Anthropic raised $30 billion in a massive funding round that valued the company at $380 billion, including the money raised, roughly doubling its prior valuation. The company landed itself in the spotlight that same month for releasing a series of products that sent the shares of numerous entities, including legal service companies and cybersecurity firms, plunging on fears of widespread disruption.
SpaceX IPO buzz lifts aerospace shares on spillover bets By Reuters
April 1 (Reuters) - Shares of aerospace companies jumped on Wednesday as investors bet that Elon Musk-owned SpaceX's confidential filing for an initial public offering would be a catalyst for the sector's next growth phase. Musk's company confidentially filed for a U.S. IPO on Wednesday and is eyeing a potential valuation of more than $1.75 trillion, Reuters reported, citing a person familiar with the matter. Shares of Rocket Labs and Planet Labs gained 5.8% and 9.6%, respectively, while Intuitive Machines added 10.5% and Howmet Aerospace climbed 3.4%. Planet Labs has gained over 56% this year, while shares of Intuitive and Howmet rose 26% and 16.3%, respectively. "It isn't unusual for the entire sector to rally because some investors will interpret the announcement of the IPO as very positive for that type of industry and the timing is also coincidental with the launch this evening of the U.S. space escapade," said Peter Andersen, founder of Andersen Capital Management. NASA is set to launch four astronauts as soon as Wednesday evening on a 10-day flight around the moon. Musk's electric-vehicle company Tesla added 2.6%, while satellite communications company EchoStar, which owns SpaceX shares, added 4.8%. Exchange Traded Funds (ETFs) tracking the aerospace sector such as Ark Space & Defense Innovation and Procure Space also climbed 2.9% and 4.8%, respectively. Both the funds have more than doubled in value since 2023. The listing comes when investor enthusiasm for the space sector has surged, driven by falling launch costs, expanding satellite networks and growing interest in data center infrastructure in orbit. SpaceX's planned debut is set to generate massive interest among retail investors for the sector. Musk is mulling allocating as much as 30% of the company's shares to individual investors, Reuters reported.
SpaceX seen as make-or-break test for mega IPOs - kuwaitTimes
NEW YORK: The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco in 2019. An over "trillion-dollar" valuation, a CEO with a cult-like retail following and exposure to a high-growth industry - SpaceX has the elements the IPO market has sought to end a years-long drought in mega-deals. But whether investors have the appetite for a listing of this size remains uncertain. Besides, the company is so unique that its success could have limited spillover on broader market sentiment, analysts and experts said. "It's either a bellwether or a harbinger," Brian Jacobsen, chief economic strategist at Annex Wealth Management, told Reuters. He added that there is enough enthusiasm around the business to attract investor interest, but it might be so singular, with its celebrity CEO, that it could actually hurt other space stocks rather than lift them by attracting all the attention. Here are some charts that show the market's current status and SpaceX IPO's potential: The rocket startup has confidentially filed for a blockbuster listing, looking to raise $50 billion or more, which could value it at $1.75 trillion, potentially dethroning oil giant Saudi Aramco as the world's largest IPO. "SpaceX will be far and away the largest IPO in history at the sizes being discussed now," said Samuel Kerr, global head of equity capital markets at deals data provider Mergermarket. "It will be a real test for public market capacity at a time of real market turmoil. But if any business can list in this market, its probably SpaceX given the tremendous hype." Pivotal test SpaceX's listing could serve as a bellwether for the IPO market. A strong reception would indicate that a long-awaited recovery in big-ticket deals is finally underway. Years of volatile markets, driven by rising interest rates, inflation concerns and geopolitical tensions, kept issuers waiting, even as the pipeline got bigger. The industry is hoping that 2026 will finally see a broad resurgence in market debuts. "A successful SpaceX listing could well act as a catalyst for other large-scale IPOs," Kat Liu, vice president at IPO research firm IPOX. "It would demonstrate that public markets have both the depth and appetite to accommodate sizeable, high-valuation offerings, and could help validate current late-stage private market pricing." Several high-profile startups, including SpaceX, ChatGPT-maker OpenAI and TikTok parent ByteDance, have blurred the line between private and public companies, with valuations that rival those of top-tier S&P 500 firms. SpaceX's listing will put it in the league of mega-cap giants such as Microsoft and Apple that draw the lion's share of both retail and institutional investor flows. Elon Musk said in February that SpaceX had acquired his artificial intelligence startup xAI in a record-setting deal. The transaction valued SpaceX at $1 trillion and xAI at $250 billion, Reuters reported, citing a source. "The recent xAI fold-in allows him (Musk) to bundle launch, Starlink, and AI into a single, scarce mega story that can support a richer valuation than the businesses might achieve separately," said Minmo Gahng, assistant professor of finance at Cornell University. -- Reuters 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. An index tracking major listings has underperformed the equities benchmark over the past 12 months. Analysts say a successful SpaceX debut could help reopen the window for large, long-delayed listings, particularly in capital-intensive sectors that have struggled to attract public market investors. Though some have taken a more cautious view of the broader market's prospects. "(SpaceX) could take up so much capacity that other mega issuers might choose to hold off not to test the same window," Mergermarket's Kerr said. - Reuters
Exclusive: SpaceX will host analyst day on April 21, source says
SAN FRANCISCO, April 1 (Reuters) - Rocket company SpaceX will host an analyst day on April 21, and will offer analysts a visit to its "Macrohard" xAI datacenter in Memphis, Tennessee two days later, a source familiar with the matter said on Wednesday. SpaceX has filed confidentially for an initial public offering, another source said. That is likely to be the largest IPO on record. Reporting by Echo Wang; editing by Peter Henderson Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Aerospace & Defense * Exploration & Production * Refining Echo Wang Thomson Reuters Echo Wang is a correspondent at Reuters covering U.S. equity capital markets, and the intersection of Chinese business in the U.S, breaking news from U.S. crackdown on TikTok and Grindr, to restrictions Chinese companies face in listing in New York. She was the Reuters' Reporter of the Year in 2020.
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has bold ambitions, including solar-powered, satellite-based data centers to develop and run future AI models 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 IPO buzz lifts aerospace shares on spillover bets
April 1 (Reuters) - Shares of aerospace companies jumped on Wednesday as investors bet that Elon Musk-owned SpaceX's confidential filing for an initial public offering would be a catalyst for the sector's next growth phase. Musk's company confidentially filed for a U.S. IPO on Wednesday and is eyeing a potential valuation of more than $1.75 trillion, Reuters reported, citing a person familiar with the matter. Shares of Rocket Labs (RKLB.O), opens new tab and Planet Labs (PL.N), opens new tab gained 5.8% and 9.6%, respectively, while Intuitive Machines (LUNR.O), opens new tab added 10.5% and Howmet Aerospace (HWM.N), opens new tab climbed 3.4%. Planet Labs has gained over 56% this year, while shares of Intuitive and Howmet rose 26% and 16.3%, respectively. "It isn't unusual for the entire sector to rally because some investors will interpret the announcement of the IPO as very positive for that type of industry and the timing is also coincidental with the launch this evening of the U.S. space escapade," said Peter Andersen, founder of Andersen Capital Management. NASA is set to launch four astronauts as soon as Wednesday evening on a 10-day flight around the moon. Musk's electric-vehicle company Tesla (TSLA.O), opens new tab added 2.6%, while satellite communications company EchoStar (SATS.O), opens new tab, which owns SpaceX shares, added 4.8%. Exchange Traded Funds (ETFs) tracking the aerospace sector such as Ark Space & Defense Innovation and Procure Space (UFO.O), opens new tab also climbed 2.9% and 4.8%, respectively. Both the funds have more than doubled in value since 2023. The listing comes when investor enthusiasm for the space sector has surged, driven by falling launch costs, expanding satellite networks and growing interest in data center infrastructure in orbit. SpaceX's planned debut is set to generate massive interest among retail investors for the sector. Musk is mulling allocating as much as 30% of the company's shares to individual investors, Reuters reported. Reporting by Johann M Cherian, Akash Sriram and Shashwat Chauhan in Bengaluru; Editing by Sriraj Kalluvila and Devika Syamnath Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Media & Telecom * ADAS, AV & Safety * Sustainable & EV Supply Chain
SpaceX Moves Toward June IPO at $1.75T Valuation - Blockonomi
Elon Musk recently merged SpaceX with xAI in an all-stock transaction valued at $1.25 trillion. SpaceX has confidentially filed draft registration documents with the US Securities and Exchange Commission for a public offering. The move advances plans for a potential June listing at a valuation above $1.75 trillion. Bloomberg reported the filing, citing people familiar with the matter. Bloomberg reported that the company submitted documents to the SEC in recent weeks. The report said SpaceX could seek a valuation exceeding $1.75 trillion. The company has not issued a public statement on the filing. Earlier reports indicated that SpaceX considered a confidential filing as soon as March. Bloomberg also reported that the company discussed raising about $75 billion. The Information reported that the offering could exceed $75 billion if completed as planned. Reuters reported that SpaceX has engaged 21 banks to work on the IPO. Citigroup joined Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley in senior roles. These banks will support underwriting and coordination for the listing. If the company raises $75 billion, it would exceed Saudi Aramco's $29.4 billion IPO in 2019. Saudi Aramco currently holds the record for the largest public debut. SpaceX could surpass that benchmark by a wide margin. Elon Musk founded SpaceX in 2002 and expanded it into launch and satellite services. The company reported about $16 billion in revenue last year. It generated about $8 billion in profit during the same period. In recent weeks, Musk combined SpaceX with xAI in an all-stock transaction. The deal valued SpaceX at $1 trillion and xAI at $250 billion. The combined entity now carries a valuation of $1.25 trillion. Musk founded xAI in 2023 with 11 engineers. All 11 engineers have since departed following internal restructuring. The merged structure now integrates satellite operations and artificial intelligence development. SpaceX plans to use IPO proceeds to support new infrastructure projects. The company aims to build orbital data centers through an expanded Starlink network. In February, SpaceX filed an FCC application for up to one million Starlink satellites. Musk also confirmed plans for a chip factory in Austin, Texas. SpaceX and Tesla will produce inference chips and high-performance processors at that site. The chips will support vehicles, robotics, and space-based systems. The company has stated that it expects to spend more than $20 billion this year. That figure excludes costs for the Texas chip factory and solar projects. The confidential filing now places the company on track for a June market debut.
Elon Musk's SpaceX files confidentially for IPO, potentially the largest ever issue, says report
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.
SpaceX IPO could raise up to $80 Billion as Musk keeps financials under wraps
Elon Musk's SpaceX eyes IPO as early as this week, could raise over $75 billion: Report. (File/Reuters) Elon Musk-led aerospace manufacturing company SpaceX is one step closer to advancing towards what could be the largest initial public offering of all time. The brand has confidentially filed the IPO paperwork with the Securities and Exchange Commission. The IPO can help SpaceX raise between $40 billion and $80 billion, as per a Wall Street Journal report. The filing puts the company on track to be able to list shares by July. The SpaceX IPO would be the first of the three mega-IPOs that would go in 2026. Artificial intelligence companies like OpenAI and Anthropic are both waiting in queues to release potential offerings before the year ends. SpaceX had filed its paperwork confidentially, as is customary these days. Prospective investors will have to wait until closer to the IPO to see the financial health of the company. SpaceX's selected pool of banks to lead the offering SpaceX has selected five banks to lead the offering: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Reports suggest that several other banks are set to have supporting roles in the IPO. If the offering goes as planned, these banks would reap the benefits of millions of dollars in fees. SpaceX formed a union with xAI in February to create a $1.25 trillion juggernaut in the biggest corporate tie-up by value in US history. This partnership has helped Musk beef up xAI to compete against the likes of OpenAI and Anthropic. While the tech giant is inching towards the IPO, its costs, earnings, and balance sheets have been under cover for years. Only two investors have been able to forge close relationships with SpaceX leadership. Reports suggest that xAI, the AI arm of the union, is at a much more nascent stage and needs a significant amount of cash. While Musk has kept the financial status well knit, once public, the combined operations of the company will be up for review. Data centers in space SpaceX executives spent years stating that the company would not go public until its rockets reached Mars. But it changed its course recently and raced to a stock listing last year as part of a bet by Musk that established that the next frontier of AI dominance would be to construct data centers in space an endeavor that can be wholly supported by the IPO.
)
Anthropic rushes to limit the leak of Claude Code source code- Moneycontrol.com
Anthropic PBC is rushing to address the inadvertent release of internal source code behind Claude Code, an AI-powered assistant that has become a key moneymaker for the company. Thousands of copies of the code were removed from GitHub in response to copyright takedown requests from Anthropic, according to a notice on the popular developer platform. Anthropic later said the takedown impacted more GitHub repositories than intended and has since been significantly scaled back. The artificial intelligence startup is also taking steps to tweak its internal systems to prevent a similar leak from happening again, including by improving its automation process. In a series of posts overnight on X, Claude Code creator Boris Cherny said Anthropic's "deploy process has a few manual steps, and we didn't do one of the steps correctly." He said the company has already "made a few improvements to the automation for next time," with plans for "a couple more on the way." The accidental release marked Anthropic's second security slip-up in a matter of days, compromising approximately 1,900 files and 512,000 lines of code related to Claude Code. Last week, Fortune separately reported that Anthropic had been storing thousands of internal files on a publicly accessible system, including a draft blog post that detailed an upcoming model known internally as both "Mythos" and "Capybara." The exposures hit at a delicate moment for the company. Anthropic is currently in a legal battle with the US government over the Pentagon's decision to declare it a supply-chain risk following a standoff over AI safety guardrails. The company has warned that the labeling could cost it billions in lost revenue. At the same time, Anthropic has seen significant user and revenue growth in recent months, in part thanks to traction from Claude Code - a tool that's meant to help streamline the process of writing and debugging software. Claude Code's run-rate revenue topped $2.5 billion as of February, the company said, a year after its release. Those gains are key to the company's ambitions to go public as soon as this year. Read more: The Surprise Hit That Made Anthropic Into an AI Juggernaut In a statement Tuesday, Anthropic confirmed the leak and said "no sensitive customer data or credentials were involved or exposed." The company added: "This was a release packaging issue caused by human error, not a security breach." The issue first came to light in a post on the social media platform X that purported to share a link to the code and garnered more than 30 million views. The leak has touched off thousands of posts online by people saying they've scoured the code. Some have claimed they've unearthed yet-to-be-released features, including an always-on AI agent named Kairos that fields tasks proactively as well as a system for tracking instances when users express frustration and use profanities. Cherny said the company is "always experimenting with new ideas," most of which don't end up getting released. He said Anthropic remains "on the fence" about the Kairos feature, in particular. As for the tracking system, he said it's "one of the signals we use to figure out if people are having a good experience." Beyond offering hints of a future releases, the leak also risks giving bad actors "useful insight into internals, workflows and likely abuse paths," cybersecurity firm Tanium said a blog post. Malicious actors will study the code to determine such things as how the tool handles local files, what data it may access during normal operation and how guardrails are implemented, the firm said.
Strong winds of up to 70mph could cause Easter getaway chaos
Gale force winds are set to batter the northern half of the country, causing travel chaos as Brits prepare for an Easter getaway. A yellow weather warning has been issued for very strong winds in Scotland, Northern Ireland and parts of north Wales and northern England. The storm is expected to start hitting parts of the country from 6pm on Saturday, and is expected to continue until 12pm on Saturday. Gusts of 50-60mph are expected across northern parts of the UK but could rise to as high as 90mph in western areas of Scotland. Strong winds could cause a nightmare for holidaymakers who have been warned to expect traffic jams, as well as delays to rail, air and ferry transport. The weather could also cause damage to buildings and power lines, as forecasters have warned of power cuts which could leave some households in darkness. They have also warned of a risk of injuries as large waves could throw rocks and stones from the beach onto roads, pavements and homes, while building tiles could also be blown from roofs. Exposed routes and bridges could become perilous in the conditions and could cause delays for high-sided vehicles or even be closed. Strong winds are set to cause travel chaos this Easter weekend with yellow weather warnings issued for northern parts of the UK (file picture) Your browser does not support iframes. The Bank Holiday Weekend will begin with an unsettled start on Good Friday, with outbreaks of rain that could become heavy in some places, with some brighter interludes. Conditions could be blustery at times, especially in the in areas surrounding the Pennines. Overnight on Friday, a ridge of high pressure will bring cooler air, meaning a frosty start to the day on Saturday. Met Office deputy chief meteorologist Dan Holley said: 'A significant cold plunge from Canada into the North Atlantic will impact our weekend weather, strengthening the jet stream and spinning up a deep area of low pressure towards the north-west of the UK on Saturday night. 'This will lead to a spell of very strong winds later on Saturday and overnight into the morning of Easter Sunday. 'We have issued yellow warnings for wind for Scotland, Northern Ireland and northern parts of both England and Wales for Saturday night and into Sunday, when a spell of very strong winds could cause disruption. 'Winds should gradually ease through Easter Sunday as the area of low pressure clears to the North Sea. He added: 'Due to the warnings this weekend, we recommend keeping an eye on our latest forecasts and as the week progresses.' Tom Morgan, Met Office operational meteorologist, said that while much of the UK will see 'unsettled' weather by the end of the week, it does not necessarily point to a 'washout' over the Easter Bank Holiday weekend. 'There's actually going to be quite a lot of dry weather, particularly across England and Wales, but it will be turning windier for all,' he said. 'We already have a yellow warning for wind in place. We could see some particularly damaging winds in parts of Scotland, so, it is here where we are most likely to need to escalate the warnings. 'It is here where we could also see some disruption to ferry services, transport, bridge closures, that kind of thing, and potentially some power, power lines coming down as well. 'So, potentially for some parts of the UK are very stormy parts of the weekend, but as I say, it's not going to be quite so bad for the south. 'For most, Easter Monday is looking pretty fine. Dry and bright.' Separate figures published by the Met Office on Wednesday show March was provisionally one of the warmest on record in England and Wales. Long periods of above average temperatures and prolonged sunshine helped Wales experience its joint fourth warmest March and England its joint sixth warmest since comparable data began in 1884. Across the whole of the UK it was the joint 10th warmest March on record. There was a 'pronounced north-south split' in terms of rain last month, with southern England seeing 37% less than the long-term average, while northern England and Scotland experienced 14% and 19% above average rainfall respectively, the Met Office said.
SpaceX confidentially files to go public on stock market, reports say
SpaceX has confidentially filed for an initial public offering on the US stock market, according to reports from Bloomberg and the Wall Street Journal. The IPO is set to be one of the most closely watched and highly valued listings in market history. Elon Musk's company, which has become a dominant power in both space travel and satellite communications, could potentially seek a valuation upwards of $1.75tn. The confidential filing will give regulators a period to review and discuss the company's financial disclosures before investors and the public are able to view them. The IPO could take place as early as June, Bloomberg reported, in what is expected to be a banner year for highly value public offerings. Musk's rival OpenAI is also planning to go public later this year at an immense valuation, announcing on Tuesday that it had closed a funding round of $122bn, in addition to fellow AI firm Anthropic preparing its own IPO. SpaceX is the parent company of Musk's own artificial intelligence company, xAI.
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 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 secretly files for IPO, plans major offering | News.az
Elon Musk's SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC's David Faber, bringing Elon Musk's rocket company one step closer to what's expected to be a record public offering. Bloomberg was first to report on SpaceX's confidential filing, citing people familiar with the matter, and adding that the company could seek a valuation of $1.75 trillion, with a listing around June. Founded by Musk in 2002 to develop and operate reusable rockets, SpaceX has turned into NASA's biggest launch partner after the agency ended its space shuttle program in 2011. The company merged with Musk's xAI in February, creating a combined entity that he valued at the time at $1.25 trillion, News.Az reports, citing foreign media. When SpaceX eventually lists, Musk will become the first person to helm two separate trillion-dollar publicly traded companies. Musk is the world's richest person, with a net worth of close to $840 billion, according to Forbes. Tesla, which Musk has counted on for the vast majority of his liquid wealth, has a market cap of around $1.4 trillion. A confidential filing allows companies to submit their financials to the SEC for regulatory review before revealing them to the public and prospective investors. SpaceX will have to release a public filing at least 15 days before its IPO road show. While SpaceX still has numerous hurdles to clear to reach the public market, the offering -- assuming it does happen -- will be packed with superlatives. With the company reportedly looking to raise up to $75 billion, it would be more than three times the size of the biggest U.S. IPO to date. China's Alibaba raised $22 billion in 2014, putting it ahead of Visa, which raised close to $18 billion in 2008. SpaceX has received over $24.4 billion from its work with the federal government since 2008, according to FedScout, which researches federal spending and government contracts. That includes contracts from NASA, the Air Force and Space Force, among others agencies. Over the course of 2025, SpaceX conducted 165 orbital flights, and additional test flights of its new and massive Starship Super Heavy Launch vehicle. Reena Aggarwal, a professor of finance at Georgetown and an IPO expert, said that even with all hype around Musk and SpaceX, the company still needs a receptive public market. Stocks have been volatile of late due largely to the U.S.-Iran war and spiking oil prices. The Nasdaq is coming off its steepest weekly drop in nearly a year. "You can have a great company, with great fundamentals and a lot of investor interest -- and an IPO can still flop if the markets have turned south, if there's too much volatility in the market," Aggarwal said. Hopefully the current geopolitical situations will have cooled down by June and there will be less uncertainty." Still, she anticipated a hefty dose of retail interest. "It's not like five other companies like this will go public in the next five years," she said. "Anyone who wants more exposure to Elon Musk -- this is their opportunity to get in." In addition to its massive aerospace and defense contracts, SpaceX also operates the Starlink satellite internet service and a constellation of around 10,000 satellites, as well as social network X, formerly known as Twitter, which was previously acquired by xAI.
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.
Does SpaceX's 1-Million-Satellite Vision Offer Bold Upside or Regulatory and Environmental Risk for Investors?
Investors should take this news with a grain of salt and focus on a more pressing concern instead. The space economy technically isn't anything new. It's been a thing since governments and companies began launching rockets and satellites into space. Still, it's an exciting time for investors because of the immense upside of the next frontier. Elon Musk has been central to the space industry for years as CEO of SpaceX since 2002. SpaceX has become the world's most prominent space company as a leader in rocket launch services and satellite internet technology. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " An IPO filing appears imminent, making SpaceX stock a hot topic. SpaceX has filed a regulatory application to launch 1 million satellites into space for use with orbital artificial intelligence (AI) data centers, a far step up from the roughly 10,140 currently in orbit. What does this mean for investors with a potential IPO looming? Image source: Getty Images. Experts have raised environmental and regulatory concerns over SpaceX's ambitious satellite plans. To be fair, though, Elon Musk, despite his success, has an extensive track record of setting bold goals, such as Tesla's autonomous driving and humanoid robotics programs. Investors are still largely waiting for Tesla to deliver, so having some perspective is crucial here. A million satellites is such a large step up from 10,140 that investors probably don't need to look so far ahead. SpaceX doesn't need to launch anywhere near a million satellites into orbit to enjoy a massive growth runway moving forward. However, SpaceX could attract regulatory scrutiny as the de facto leader in launch services. It has conducted more launch missions each year for the past six years, averaging nearly one launch every two days in 2025. It also dominates the market, conducting approximately 80% of launch missions in the United States. Rocket Lab is preparing to enter SpaceX's core market with its own reusable Neutron rocket. That could actually alleviate regulatory threats by adding some healthy competition to the fray. That would arguably be ideal, as SpaceX is so entrenched at this point that the risk of actually losing industry leadership is probably nil. The more pressing concern for investors about SpaceX stock is simply the hype it will likely generate as it begins trading. Elon Musk is one of the world's most influential people, and he has a massive investor following. SpaceX is reportedly seeking a valuation of up to $1.75 trillion, making it one of the world's most valuable companies from the moment it begins trading. Consider that SpaceX reportedly generated an estimated $15.5 billion in revenue in 2025. A $1.75 trillion valuation is about 113 times sales. It would take very aggressive and sustainable growth to justify that valuation any time in the near future. It wouldn't be shocking to see the stock generate poor returns once the hype fades, punishing early buyers. Unfortunately, given all the buzz SpaceX will likely generate, it's hard to see a realistic scenario in which investors can buy shares at a reasonable price. When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 915%* -- a market-crushing outperformance compared to 183% for the S&P 500. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab and Tesla. The Motley Fool has a disclosure policy.
SpaceX confidentially files to go public on stock market, reports say
Elon Musk's rocket company could go public as early as June, Bloomberg reports SpaceX has confidentially filed for an initial public offering on the US stock market, according to reports from Bloomberg and the Wall Street Journal. The IPO is set to be one of the most closely watched and highly valued listings in market history. Elon Musk's company, which has become a dominant power in both space travel and satellite communications, could potentially seek a valuation upwards of $1.75tn. The confidential filing will give regulators a period to review and discuss the company's financial disclosures before investors and the public are able to view them. The IPO could take place as early as June, Bloomberg reported, in what is expected to be a banner year for highly value public offerings. Musk's rival OpenAI is also planning to go public later this year at an immense valuation, announcing on Tuesday that it had closed a funding round of $122bn, in addition to fellow AI firm Anthropic preparing its own IPO. SpaceX is the parent company of Musk's own artificial intelligence company, xAI.
What does Anthropic's Claude Code leak reveal?
Anthropic confirmed that it leaked parts of Claude Code source code, describing the problem as a packaging issue caused by human error rather than a security breach. The leak involved a portion of Claude Code's source, and the confirmation came alongside details suggesting internal code artifacts were exposed to the public. The significance for users and developers is that leaked source code can help others understand how a tool is built, what components exist, and how certain behaviors may be implemented -- information that is valuable for both benign auditing and potential misuse. In coverage focused on the "what it means" angle, the broader concern is not just the exposed code itself, but what it could disclose about system architecture, agent capabilities, and operational assumptions. Overall, Anthropic's framing points to process failure more than adversarial intrusion, but the impact remains the same: source-level visibility into an agentic coding tool is inherently sensitive.
