SpaceX, Elon Musk
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SpaceX confidentially filed for its initial public offering (IPO) on April 1, putting the wheels in motion for what's expected to be the largest public debut in Wall Street's history. Although investor buzz for this IPO is off the charts,
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Elon Musk‘s SpaceX is expected to debut Starship V3 soon, but a new video posted this week confirmed for the first time that a nitrogen system explosion destroyed the first Version 3 last year. As the company moves toward what may become the biggest IPO ever,
SpaceX is trying to change the narrative about what type of company it is.
The big SpaceX mega IPO is getting closer, and with a $1.75 trillion expected valuation (plus or minus a couple hundred billion or so), there’s sure to be a flood of investors who will need to sell something in order to load up on opening day.
As advisors field client demand for pre-IPO exposure to Elon Musk’s rocket company, some say the company is “priced to perfection,” while others warn its $15 billion in revenue does not justify a $2 trillion valuation.
The Elon Musk-led company is known for its reusable rockets and Starlink satellite internet service, as well as its recent merger with xAI, the owner of the X social media business and the Grok AI chatbot.
SpaceX is committed to building a wastewater recycling facility at the xAI supercomputer in Memphis, despite a leadership shakeup related to the companies’ merger, the head of utilities in Memphis said Tuesday.