News & Updates
The latest news and updates from companies in the WLTH portfolio.
The Road to SpaceX's Juggernaut IPO
April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, moving the billionaire closer to having a second publicly traded company in his empire. Here is a timeline of SpaceX's journey to the blockbuster IPO: March 2002 - Elon Musk launched SpaceX using money he made from the sale of PayPal. March 2006 - SpaceX launched its first rocket, the Falcon 1, which failed. September 2008 - SpaceX's Falcon 1 launched successfully for the first time and became the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secured its first major contract with NASA to ferry cargo and supplies to the International Space Station (ISS). May 2012 - A Dragon capsule was taken to space by a SpaceX Falcon 9 rocket, making it the first private spacecraft to dock at the ISS. June 2015 - Falcon 9 Rocket exploded mid-air. December 2015 - First successful vertical landing of Falcon 9 rocket. The soft touchdown marked the first time any large rocket managed a controlled recovery after delivering a payload into orbit. February 2018 - The first Falcon Heavy launch carried Musk's Tesla Roadster and its mannequin driver, Starman, into space. April 2019 - Crew Dragon test vehicle capsule exploded during ground test. May 2019 - SpaceX began launching Starlink satellites, a constellation capable of beaming signals for high-speed internet service from space to paying customers around the globe. October 2020 - SpaceX completed its 100th successful flight of a Falcon rocket since Falcon 1 first flew to orbit in 2008. November 2020 - SpaceX Crew-1 mission - the first operational mission under NASA's Commercial Crew Program. April 2021 - NASA awarded SpaceX the contract for the first commercial human lander, part of its Artemis program. September 2021 - SpaceX launched the first all-civilian crew ever to circle the Earth from space. November 2021 - NASA's Double Asteroid Redirection Test (DART) mission was launched into an interplanetary transfer orbit aboard a SpaceX rocket, marking the world's first test of a planetary defense system designed to prevent a potential asteroid collision with Earth. April 2023 - First Starship Rocket exploded after losing control. November 2023 - Starship launch failed minutes after reaching space. November 2023 - A U.S. judge blocked the U.S. Department of Justice from pursuing an administrative case accusing Elon Musk's SpaceX of illegally refusing to hire refugees and asylum recipients. September 2024 - The SpaceX Polaris Dawn mission carried out its first privately managed spacewalk. January 2025 - SpaceX's Starship rocket broke up in space minutes after launching from Texas, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris. June 2025 - Starship exploded during a ground test. February 2026 - SpaceX acquired Musk's artificial-intelligence startup xAI in a record-setting deal worth $250 billion, unifying the world's richest man's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. February 2026 - SpaceX shifted its focus to building a "self‑growing city" on the moon, Musk said. March 2026 - NASA official said the Starship has accumulated at least two years of development delays since NASA picked the rocket as an astronaut moon lander in 2021, and is expected to require more time to clear remaining hurdles before landing on the moon. April 2026 - SpaceX confidentially files for its blockbuster U.S. initial public offering, laying the groundwork for what could be the biggest stock market flotation ever. (Reporting by Prakhar Srivastava and Arasu Kannagi Basil in Bengaluru; Editing by Leroy Leo)
NAV update and adjustment to valuation of SpaceX | Company Announcement | Investegate
Edinburgh Worldwide Investment Trust plc announced an upward adjustment in the valuation of its SpaceX holding, leading to a Net Asset Value of 227.47p as of March 31, 2026. This revaluation has increased SpaceX's proportion of the company's total assets to 20.4%, up from 16.3% at the end of February 2026. Disclaimer* This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. Update on Net Asset Value and adjustment to the valuation of Space Exploration Technologies Corporation ("SpaceX") Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 31 March 2026 stands at 227.47p. Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 20.4% at close of business on 31 March 2026, compared with 16.3% on 28 February 2026.
NAV update and adjustment to valuation of SpaceX | Company Announcement | Investegate
Scottish Mortgage Investment Trust PLC has announced an upward adjustment to the valuation of its holding in SpaceX, which has increased the Company's Net Asset Value to 1316.12p as of March 31, 2026. This revaluation means SpaceX now represents 19.3% of the Company's total assets, up from 15.4% on February 28, 2026, reflecting the manager's policy for valuing private company investments. Disclaimer* This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. Update on Net Asset Value and adjustment to the valuation of Space Exploration Technologies Corporation ('SpaceX') Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 31 March 2026 stands at 1316.12p . Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 19.3% at close of business on 31 March 2026, compared with 15.4% on 28 February 2026.
Update on NAV and SpaceX valuation | Company Announcement | Investegate
Baillie Gifford US Growth Trust PLC announced an upward adjustment to the valuation of its holding in Space Exploration Technologies Corporation ('SpaceX'), which has been incorporated into the Company's Net Asset Value. As of March 31, 2026, the Net Asset Value stands at 301.12p. Following this revaluation, SpaceX now represents 14.9% of the Company's total assets, an increase from 11.9% as of February 28, 2026. Disclaimer* This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. Update on Net Asset Value and adjustment to the valuation of Space Exploration Technologies Corporation ('SpaceX') Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 31 March 2026 stands at 301.12p. Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 14.9% at close of business on 31 March 2026, compared with 11.9% on 28 February 2026.
Update on NAV and SpaceX valuation | Company Announcement | Investegate
The Schiehallion Fund Limited announced an upward adjustment to the valuation of its holding in Space Exploration Technologies Corporation ('SpaceX'), which has increased the Company's Net Asset Value to 176.62 cents as of March 31, 2026. This revaluation means SpaceX now represents 12.8% of the Company's total assets, up from 10.5% at the end of February 2026. Disclaimer* This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. Update on Net Asset Value and adjustment to the valuation of Space Exploration Technologies Corporation ('SpaceX') Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 31 March 2026 stands at 176.62 cents. Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 12.8% at close of business on 31 March 2026, compared with 10.5% on 28 February 2026.
SpaceX confidentially files for IPO
SpaceX (SPAX.PVT) officially kicked off its IPO process, which could result in the biggest public offering ever. The reusable rocket and space exploration company confidential filed for its IPO with the SEC, Bloomberg News reported on Wednesday. Though details won't be available until closer to its official listing, The Information reported that SpaceX was expected to raise up to $75 billion in its offering. SpaceX was most recently valued at $1.25 trillion, but many suspect its valuation could top $1.5 trillion, putting it on par with companies like CEO Elon Musk's Tesla (TSLA). SpaceX won't decide the actual size of the offering and valuation until a few weeks before the IPO, per The Information, with the company targeting a June listing. In addition, SpaceX may reportedly allow more retail investors to participate in the IPO than is typically normal, as Musk has been known to cater to individual investors in Tesla, for example. The individual investor portion could top 20% of offering, double the 10% normally allocated. For Musk, SpaceX's offering is the culmination of dream to build reusable rockets, and colonize Mars. Musk founded the company back in 2002, and by 2012 SpaceX began delivering cargo by rocket to the International Space Station. Part of the big valuation story of SpaceX is Starlink, the satellite-based internet service that began operation in 2019. Starlink reportedly generates the lion's share of SpaceX's profits, and its growth may be a reason why a SpaceX IPO would be lucrative at this time. A SpaceX IPO would also bring another Musk company to the public fold, one that is increasingly connected to Musk's other trillion dollar company, Tesla. Last weekend Tesla and SpaceX announced Terafab, a joint venture designed to consolidate every stage of semiconductor production under one roof. Terafab targets two primary chip types: an edge-inference processor optimized for Tesla's Full Self-Driving systems, Optimus humanoid robots, and Robotaxi fleets, and a high-power variant hardened for space environments, supporting SpaceX satellites, orbital data centers, and xAI initiatives. The SpaceX IPO will help fund those orbital data centers, a priority for Musk who believes it will be cheaper to produce AI compute in space versus on Earth. This follows Musk's move in February to change SpaceX's original mission from colonizing Mars, to a closer (and more financial feasible) target in the Moon. While Wall Street may be coming around on orbital data centers, which once seemed like science fiction, spending billions on a mission to Mars was too far a stretch for investors.
Factbox-SpaceX's business and finances: rockets, satellite communications and budding AI
April 1 (Reuters) - SpaceX is gearing up for a stock market debut that could value it at more than $1.75 trillion, Bloomberg News reported on Wednesday, as the Elon Musk-led company reaches for the stars in what could be the largest IPO in history. Here are some details about SpaceX - what it does, what is known about its financials, and other topics. SPACEX IN BRIEF SpaceX, founded in 2002, is the largest private space company in the U.S. and conducts more launches annually than any other company globally. It offers launch services on its reusable Falcon 9 rockets and is developing a larger "Starship". Its Starlink satellite communications network offers internet service to individuals and organizations, with more than 9,500 satellites deployed since 2019 to service more than 9 million users globally. Starlink generates 50%-80% of SpaceX's revenue. Musk's mega-merger of his companies SpaceX and xAI in February combined the space-and-defense contractor with a fast-growing, money-losing AI developer spending heavily to build data centers. SpaceX's main rocket customers include NASA, the U.S. Department of Defense, international space agencies, and commercial satellite companies. The Starship system, a combination of SpaceX's Super Heavy booster and Starship upper stage, is designed for full reusability and built to carry crew and cargo. NASA has been pressing SpaceX to advance Starship toward lunar mission readiness. Musk sees Starship as core to fulfilling his goal of routinely ferrying humans to Mars. SpaceX launched five Starship flight tests last year, the first three of which suffered complex and explosive setbacks, while the last two were successful. Looking ahead, SpaceX has filed plans to launch a constellation of 1 million solar-powered AI data center satellites. Musk's vast business empire -- unofficially dubbed the "Muskonomy" by some investors and analysts -- also encompasses brain-chip company Neuralink and tunneling venture the Boring Company. SPACEX FINANCIALS SpaceX generated roughly $8 billion in profit against $15 billion to $16 billion in revenue in 2025, Reuters exclusively reported in January. The profit figure reflects EBITDA -- earnings before interest, taxes, depreciation, and amortization -- a measure of operating performance. Revenue increased 51% to $13.1 billion in 2024, according to media reports. SpaceX's revenue reportedly doubled from $2.3 billion in 2021 to $4.6 billion in 2022, then rose 90% to $8.7 billion in 2023. Musk has noted that NASA will contribute only 5% of SpaceX's revenue this year, adding that the vast majority of revenue is from the commercial Starlink system.
Claude Code source leak reveals how much info Anthropic can hoover up about you and your system
https://www.democraticunderground.com/10143641683 If you loved the data retention of Microsoft Recall, you'll be thrilled with Claude Code We'd be extraordinarily naive to think that any of the commercial AI technologies aren't hoovering up everything they can. (Fun fact: "hoovering" also means a type of behavior where the narcissist tries to suck you back into their life, much like a vacuum cleaner sucks up lint. ) Also see: https://www.democraticunderground.com/10143641683#post5
The road to SpaceX's juggernaut IPO
April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, moving the billionaire closer to having a second publicly traded company in his empire. Here is a timeline of SpaceX's journey to the blockbuster IPO: March 2002 - Elon Musk launched SpaceX using money he made from the sale of PayPal. March 2006 - SpaceX launched its first rocket, the Falcon 1, which failed. September 2008 - SpaceX's Falcon 1 launched successfully for the first time and became the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secured its first major contract with NASA to ferry cargo and supplies to the International Space Station (ISS). May 2012 - A Dragon capsule was taken to space by a SpaceX Falcon 9 rocket, making it the first private spacecraft to dock at the ISS. June 2015 - Falcon 9 Rocket exploded mid-air. December 2015 - First successful vertical landing of Falcon 9 rocket. The soft touchdown marked the first time any large rocket managed a controlled recovery after delivering a payload into orbit. February 2018 - The first Falcon Heavy launch carried Musk's Tesla Roadster and its mannequin driver, Starman, into space. April 2019 - Crew Dragon test vehicle capsule exploded during ground test. May 2019 - SpaceX began launching Starlink satellites, a constellation capable of beaming signals for high-speed internet service from space to paying customers around the globe. October 2020 - SpaceX completed its 100th successful flight of a Falcon rocket since Falcon 1 first flew to orbit in 2008. November 2020 - SpaceX Crew-1 mission - the first operational mission under NASA's Commercial Crew Program. April 2021 - NASA awarded SpaceX the contract for the first commercial human lander, part of its Artemis program. September 2021 - SpaceX launched the first all-civilian crew ever to circle the Earth from space. November 2021 - NASA's Double Asteroid Redirection Test (DART) mission was launched into an interplanetary transfer orbit aboard a SpaceX rocket, marking the world's first test of a planetary defense system designed to prevent a potential asteroid collision with Earth. April 2023 - First Starship Rocket exploded after losing control. November 2023 - Starship launch failed minutes after reaching space. November 2023 - A U.S. judge blocked the U.S. Department of Justice from pursuing an administrative case accusing Elon Musk's SpaceX of illegally refusing to hire refugees and asylum recipients.
Elon Musk's SpaceX registers to take rocket maker public in blockbuster IPO: report
Elon Musk's SpaceX has confidentially filed for an initial public offering, setting the stage for what could become the largest stock market listing on record, Bloomberg News reported Wednesday. A public listing at a potential valuation of more than $1.75 trillion would signal that space exploration has moved from 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. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles at Tesla, space launch, satellite broadband, 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 has reportedly filed for the biggest IPO in history
SpaceX has reportedly taken the step many onlookers have long expected: filing the necessary paperwork to hold an initial public offering (IPO) on the stock market and become a publicly traded company. Rumors had long pointed toward the IPO taking place by July. The company filed draft IPO registration paperwork with the US Securities and Exchange Commission confidentially, according to Bloomberg. As such, the public won't get a chance to closely scrutinize SpaceX's finances just yet. That's going to be a critical consideration here, as SpaceX is said to have designs on holding the largest IPO in history. It's reportedly looking to raise $75 billion in the offering, which would far exceed the current record held by Saudi Aramco, which pulled in $24 billion in its 2019 IPO.
SpaceX registers to take rocket maker public in blockbuster IPO: Bloomberg report - The Economic Times
SpaceX, led by Elon Musk, has filed for a US initial public offering. This move could lead to the largest stock market listing ever. The company's growth is fueled by reusable rockets and its Starlink satellite internet. A public listing would signal space exploration as a mainstream investment. Investors are showing strong interest in exposure to SpaceX's ventures.
SpaceX registers to take rocket maker public: report
Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, setting the stage for what could become the largest stock market listing on record, Bloomberg News reported. A public listing at a potential valuation of more than $US1.75 trillion ($2.5 trillion) would signal that space exploration has moved from speculative venture to a mainstream investment theme. SpaceX's growth has been driven by its reusable rockets and the Starlink satellite internet network.
SpaceX files confidentially for IPO in mega listing potentially valued at $1.75 trillion, report says | TechCrunch
SpaceX, the technology conglomerate founded by Elon Musk, reportedly filed disclosures confidentially with the U.S. Securities and Exchange Commission ahead of an initial public offering. SpaceX could seek a valuation of $1.75 trillion, according to Bloomberg, which cited anonymous sources. Under SEC rules, a private company can file its IPO registration statement confidentially 15 days before it begins marketing its shares to public investors, allowing it to receive feedback from the agency in private. The company has also lined up an unusually large number of 21 banks to manage the mega IPO, internally codenamed "Project Apex," Reuters reported Tuesday. The company expects to raise $75 billion, which would make it the largest IPO in history, far beyond oil giant Saudi Aramco's $29 billion listing in 2019. SpaceX has raised an estimated $10 billion as a private company. Founded in 2002, SpaceX is the world's leading space company, flying a fleet of reusable rockets and spacecraft, and operating a 10,000-satellite communications network, Starlink. Musk brought Silicon Valley culture to the staid world of space contracting and disrupted the sector, creating a new industry for private technology and a boom in space startups. In February, SpaceX acquired Musk's xAI in a deal that valued the entity at $1.25 trillion. The conglomerate now includes xAI, Musk's frontier generative AI lab, and X, the social network formerly known as Twitter. Musk said for years that SpaceX would not go public until its spacecraft had reached Mars, but a voracious demand for capital has changed that equation, even as the company has reset its ambitions to aim for the Moon. In recent months, Musk has said the company will build a network of as many as a million data center satellites in space, built and launched from Earth's nearest neighbor. SpaceX needs billions to build Starship the fully-reusable heavy lift rocket that is central its future business plans and NASA's hope of beating China to the Moon; to purchase spectrum and replenish its Starlink satellites as they become obsolete; and to pay for the compute required to build and operate xAI's deep learning models.
Mega IPOs loom on Wall Street as Elon Musk's SpaceX confidentially files paperwork
April 1 (Reuters) - Elon Musk's SpaceX has moved closer to going public with its confidential filing, Bloomberg News reported on Wednesday, as the billionaire's rocket-and-satellite company looks to beat OpenAI and Anthropic to the new listings market. Wall Street is betting that 2026 could be a breakout year for the U.S. IPO market, underpinned by a strong pipeline of high-profile private companies and pent-up demand for new listings. Goldman Sachs earlier this year predicted that proceeds from U.S. IPOs could vault to a record $160 billion in 2026, should the marquee names go public this year. But risks linger, as geopolitical uncertainty and ongoing structural disruptions have become a persistent feature in the landscape, stoking higher volatility across equities. Here is an overview of some of the mega IPOs expected in 2026: SPACEX Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, laying the groundwork for what could be the biggest stock market flotation ever. In February, SpaceX acquired Musk's artificial-intelligence startup xAI in a record-setting deal, unifying the billionaire's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. If SpaceX raises more than $25.6 billion, it would be the world's largest IPO, eclipsing oil major Saudi Aramco's listing in 2019. OPENAI OpenAI was laying the groundwork for an IPO that could value it at up to $1 trillion, with the ChatGPT maker considering filing with securities regulators as soon as the second half of 2026, Reuters reported last year. OpenAI Chief Financial Officer had said at the time an IPO was not in the company's near-term plans. ANTHROPIC Claude-maker Anthropic hired law firm Wilson Sonsini to prepare for an IPO that could take place as early as 2026, the Financial Times reported in December. An Anthropic spokesperson told Reuters at the time the company had not decided when or whether it will go public. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Krishna Chandra Eluri and Shinjini Ganguli)
The road to SpaceX's juggernaut IPO
April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, moving the billionaire closer to having a second publicly traded company in his empire. Here is a timeline of SpaceX's journey to the blockbuster IPO: March 2002 - Elon Musk launched SpaceX using money he made from the sale of PayPal. March 2006 - SpaceX launched its first rocket, the Falcon 1, which failed. September 2008 - SpaceX's Falcon 1 launched successfully for the first time and became the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secured its first major contract with NASA to ferry cargo and supplies to the International Space Station (ISS). May 2012 - A Dragon capsule was taken to space by a SpaceX Falcon 9 rocket, making it the first private spacecraft to dock at the ISS. June 2015 - Falcon 9 Rocket exploded mid-air. December 2015 - First successful vertical landing of Falcon 9 rocket. The soft touchdown marked the first time any large rocket managed a controlled recovery after delivering a payload into orbit. February 2018 - The first Falcon Heavy launch carried Musk's Tesla Roadster and its mannequin driver, Starman, into space. April 2019 - Crew Dragon test vehicle capsule exploded during ground test. May 2019 - SpaceX began launching Starlink satellites, a constellation capable of beaming signals for high-speed internet service from space to paying customers around the globe. October 2020 - SpaceX completed its 100th successful flight of a Falcon rocket since Falcon 1 first flew to orbit in 2008. November 2020 - SpaceX Crew-1 mission - the first operational mission under NASA's Commercial Crew Program. April 2021 - NASA awarded SpaceX the contract for the first commercial human lander, part of its Artemis program. September 2021 - SpaceX launched the first all-civilian crew ever to circle the Earth from space. November 2021 - NASA's Double Asteroid Redirection Test (DART) mission was launched into an interplanetary transfer orbit aboard a SpaceX rocket, marking the world's first test of a planetary defense system designed to prevent a potential asteroid collision with Earth. April 2023 - First Starship Rocket exploded after losing control. November 2023 - Starship launch failed minutes after reaching space. November 2023 - A U.S. judge blocked the U.S. Department of Justice from pursuing an administrative case accusing Elon Musk's SpaceX of illegally refusing to hire refugees and asylum recipients.
Factbox-Mega IPOs loom on Wall Street as Elon Musk's SpaceX confidentially files paperwork
April 1 (Reuters) - Elon Musk's SpaceX has moved closer to going public with its confidential filing, Bloomberg News reported on Wednesday, as the billionaire's rocket-and-satellite company looks to beat OpenAI and Anthropic to the new listings market. Wall Street is betting that 2026 could be a breakout year for the U.S. IPO market, underpinned by a strong pipeline of high-profile private companies and pent-up demand for new listings. Goldman Sachs earlier this year predicted that proceeds from U.S. IPOs could vault to a record $160 billion in 2026, should the marquee names go public this year. But risks linger, as geopolitical uncertainty and ongoing structural disruptions have become a persistent feature in the landscape, stoking higher volatility across equities. Here is an overview of some of the mega IPOs expected in 2026: SPACEX Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, laying the groundwork for what could be the biggest stock market flotation ever. In February, SpaceX acquired Musk's artificial-intelligence startup xAI in a record-setting deal, unifying the billionaire's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. If SpaceX raises more than $25.6 billion, it would be the world's largest IPO, eclipsing oil major Saudi Aramco's listing in 2019. OPENAI OpenAI was laying the groundwork for an IPO that could value it at up to $1 trillion, with the ChatGPT maker considering filing with securities regulators as soon as the second half of 2026, Reuters reported last year. OpenAI Chief Financial Officer had said at the time an IPO was not in the company's near-term plans. ANTHROPIC Claude-maker Anthropic hired law firm Wilson Sonsini to prepare for an IPO that could take place as early as 2026, the Financial Times reported in December. An Anthropic spokesperson told Reuters at the time the company had not decided when or whether it will go public. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Krishna Chandra Eluri and Shinjini Ganguli)
The road to SpaceX's juggernaut IPO
April 1 : Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, moving the billionaire closer to having a second publicly traded company in his empire. Here is a timeline of SpaceX's journey to the blockbuster IPO: March 2002 - Elon Musk launched SpaceX using money he made from the sale of PayPal. March 2006 - SpaceX launched its first rocket, the Falcon 1, which failed. September 2008 - SpaceX's Falcon 1 launched successfully for the first time and became the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secured its first major contract with NASA to ferry cargo and supplies to the International Space Station (ISS). May 2012 - A Dragon capsule was taken to space by a SpaceX Falcon 9 rocket, making it the first private spacecraft to dock at the ISS. June 2015 - Falcon 9 Rocket exploded mid-air. December 2015 - First successful vertical landing of Falcon 9 rocket. The soft touchdown marked the first time any large rocket managed a controlled recovery after delivering a payload into orbit. February 2018 - The first Falcon Heavy launch carried Musk's Tesla Roadster and its mannequin driver, Starman, into space. April 2019 - Crew Dragon test vehicle capsule exploded during ground test. May 2019 - SpaceX began launching Starlink satellites, a constellation capable of beaming signals for high-speed internet service from space to paying customers around the globe. October 2020 - SpaceX completed its 100th successful flight of a Falcon rocket since Falcon 1 first flew to orbit in 2008. November 2020 - SpaceX Crew-1 mission - the first operational mission under NASA's Commercial Crew Program. April 2021 - NASA awarded SpaceX the contract for the first commercial human lander, part of its Artemis program. September 2021 - SpaceX launched the first all-civilian crew ever to circle the Earth from space. November 2021 - NASA's Double Asteroid Redirection Test (DART) mission was launched into an interplanetary transfer orbit aboard a SpaceX rocket, marking the world's first test of a planetary defense system designed to prevent a potential asteroid collision with Earth. April 2023 - First Starship Rocket exploded after losing control. November 2023 - Starship launch failed minutes after reaching space. November 2023 - A U.S. judge blocked the U.S. Department of Justice from pursuing an administrative case accusing Elon Musk's SpaceX of illegally refusing to hire refugees and asylum recipients. September 2024 - The SpaceX Polaris Dawn mission carried out its first privately managed spacewalk. January 2025 - SpaceX's Starship rocket broke up in space minutes after launching from Texas, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris. June 2025 - Starship exploded during a ground test. February 2026 - SpaceX acquired Musk's artificial-intelligence startup xAI in a record-setting deal worth $250 billion, unifying the world's richest man's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. February 2026 - SpaceX shifted its focus to building a "self‑growing city" on the moon, Musk said. March 2026 - NASA official said the Starship has accumulated at least two years of development delays since NASA picked the rocket as an astronaut moon lander in 2021, and is expected to require more time to clear remaining hurdles before landing on the moon. April 2026 - SpaceX confidentially files for its blockbuster U.S. initial public offering, laying the groundwork for what could be the biggest stock market flotation ever.
SpaceX registers to take rocket maker public in blockbuster IPO, Bloomberg News reports
April 1 (Reuters) - Elon Musk's SpaceX (SPAX.PVT)has confidentially filed for a U.S. initial public offering, setting the stage for what could become the largest stock market listing on record, Bloomberg News reported on Wednesday. A public listing at a potential valuation of more than $1.75 trillion would signal that space exploration has moved from 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. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles at Tesla, space launch, satellite broadband, 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." 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. 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.
The road to SpaceX's juggernaut IPO
April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, Bloomberg News reported on Wednesday, moving the billionaire closer to having a second publicly traded company in his empire. Here is a timeline of SpaceX's journey to the blockbuster IPO: March 2002 - Elon Musk launched SpaceX using money he made from the sale of PayPal. March 2006 - SpaceX launched its first rocket, the Falcon 1, which failed. September 2008 - SpaceX's Falcon 1 launched successfully for the first time and became the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secured its first major contract with NASA to ferry cargo and supplies to the International Space Station (ISS). May 2012 - A Dragon capsule was taken to space by a SpaceX Falcon 9 rocket, making it the first private spacecraft to dock at the ISS. June 2015 - Falcon 9 Rocket exploded mid-air. December 2015 - First successful vertical landing of Falcon 9 rocket. The soft touchdown marked the first time any large rocket managed a controlled recovery after delivering a payload into orbit. February 2018 - The first Falcon Heavy launch carried Musk's Tesla Roadster and its mannequin driver, Starman, into space. April 2019 - Crew Dragon test vehicle capsule exploded during ground test. May 2019 - SpaceX began launching Starlink satellites, a constellation capable of beaming signals for high-speed internet service from space to paying customers around the globe. October 2020 - SpaceX completed its 100th successful flight of a Falcon rocket since Falcon 1 first flew to orbit in 2008. November 2020 - SpaceX Crew-1 mission - the first operational mission under NASA's Commercial Crew Program. April 2021 - NASA awarded SpaceX the contract for the first commercial human lander, part of its Artemis program. September 2021 - SpaceX launched the first all-civilian crew ever to circle the Earth from space. November 2021 - NASA's Double Asteroid Redirection Test (DART) mission was launched into an interplanetary transfer orbit aboard a SpaceX rocket, marking the world's first test of a planetary defense system designed to prevent a potential asteroid collision with Earth. April 2023 - First Starship Rocket exploded after losing control. November 2023 - Starship launch failed minutes after reaching space. November 2023 - A U.S. judge blocked the U.S. Department of Justice from pursuing an administrative case accusing Elon Musk's SpaceX of illegally refusing to hire refugees and asylum recipients. September 2024 - The SpaceX Polaris Dawn mission carried out its first privately managed spacewalk. January 2025 - SpaceX's Starship rocket broke up in space minutes after launching from Texas, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris. June 2025 - Starship exploded during a ground test. February 2026 - SpaceX acquired Musk's artificial-intelligence startup xAI in a record-setting deal worth $250 billion, unifying the world's richest man's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. February 2026 - SpaceX shifted its focus to building a "self-growing city" on the moon, Musk said. March 2026 - NASA official said the Starship has accumulated at least two years of development delays since NASA picked the rocket as an astronaut moon lander ?in 2021, and is expected to require more time to clear remaining hurdles before landing on the moon. April 2026 - SpaceX confidentially files for its blockbuster U.S. initial public offering, laying the groundwork for what could be the biggest stock market flotation ever. (Reporting by Prakhar Srivastava and Arasu Kannagi Basil in Bengaluru; Editing by Leroy Leo)
