Elon Musk's SpaceX files to go public, in what could be historic IPO
Key takeaways
- Space X could seek to raise $75 billion in the IPO, in what could be the biggest-ever market debut.
- The private rocket maker, satellite and artificial intelligence company plans to trade under the ticker symbol SPCX on the Nasdaq stock exchange, according to the IPO prospectus.
- The regulatory filing did not put a dollar figure on the amount that Musk hopes to raise at the IPO, but several media reports put that amount at $75 billion (roughly €64.5 billion).
Why this matters: an international story with cross-border implications worth tracking.
Space X could seek to raise $75 billion in the IPO, in what could be the biggest-ever market debut. Musk, set to become Space X's CEO, CTO, and Chairman of the Board, will retain majority voting control.
https://p.dw.com/p/5E4Xj Space X believes its long-term prospects center around AI and related infrastructure projects [FILE: May 30, 2020]Image: Linn/Eibner Europa/IMAGOAdvertisement Elon Musk's Space X on Wednesday publicly filed for an initial public offering, opening the books on the company that has revolutionized rocket technology.
The private rocket maker, satellite and artificial intelligence company plans to trade under the ticker symbol SPCX on the Nasdaq stock exchange, according to the IPO prospectus. Reports suggest the company is aiming for a June listing.