Elon Musk’s space exploration company, SpaceX, could be going public sooner than many expected.
According to a new report from Reuters, SpaceX is “accelerating” its IPO launch in hopes of going public next month. SpaceX is aiming to make the official announcement this week to promote the IPO launch to potential investors in June.
Musk’s space company is eyeing a June 12 listing date, with an early share sale the day before. SpaceX would be listed under the SPCX ticker on Nasdaq.
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According to previous reports, SpaceX is seeking a valuation of more than $1.75 trillionMusk and the company have recently made moves that clearly show intent to launch SpaceX as a publicly traded company. Earlier this year, Musk’s SpaceX acquired Musk’s AI company xAI in order to bolster the combined company’s value.
In addition, recently announced deals between SpaceX and big tech and AI companies would certainly be eye-catching for potential investors.
Just last week, a report found that Google was in talks with SpaceX to launch rockets into space for orbital AI data centers. Musk previously touted these data centers in space as essential for future AI technology and a prime reason as to why SpaceX needed to acquire xAI. Prior to that news report, AI company Anthropic and SpaceX announced a partnership that included potential orbital AI data centers.
All signs point to SpaceX going public – and very soon. The only thing that’s unclear at this time is exactly what date the IPO launch will take place. And, it seems we may also know that in the near future, too.