SpaceX Files for IPO

Bloomberg reports SpaceX confidentially filed a draft IPO registration with the U.S. SEC.

The paperwork reportedly puts the company on track for a June listing and it may not yet have set share count or price range.

Estimates suggest the offering could value SpaceX above $1.75 trillion and the company is considering a dual-class share structure.

SpaceX folded xAI into the company and its Starship rocket has not yet completed an orbital launch and safe landing.