SpaceX quietly files IPO for $40 billion to $80 billion
Business
SpaceX, Elon Musk's rocket company, has quietly filed for an IPO that could raise between $40 billion and $80 billion.
The cash boost is set to power SpaceX's big plans in AI and space tech, with a public listing expected by July 2026.
SpaceX xAI partnership totals $1.25 trillion
This IPO marks a shift in SpaceX's strategy: executives had said SpaceX would wait until after Mars missions before going public.
Now, the focus is on building space-based data centers and pushing AI forward.
SpaceX has also teamed up with xAI, creating a $1.25 trillion partnership, the biggest corporate tie-up ever in the US with major banks selected to lead the IPO offering.