According to a new report from reutersSpaceX is “accelerating” its IPO launch in hopes of going public next month. SpaceX is aiming to make an official announcement this week to promote its IPO launch to potential investors in June.
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Musk’s space company is eyeing a June 12 listing date, with an initial share sale taking place a day before. SpaceX will be listed on Nasdaq under the ticker SPCX.
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According to previous reports, SpaceX is seeking a valuation higher than $1.75 trillionMusk and company have recently taken steps that clearly show their intention to launch SpaceX as a publicly traded company. Earlier this year, Musk’s SpaceX acquired Musk’s AI company xAI in order To increase the value of the combined company.
Additionally, recently announced deals between SpaceX and large tech and AI companies will certainly be attractive to potential investors.
It was found in a report last week that Google was talking With SpaceX to launch rockets into space for orbital AI data centers. Musk had previously described these data centers in space as essential for future AI technology and was a major reason why SpaceX needed to acquire XAI. Before 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 is unclear at this time is on what date the IPO launch will take place. And, it looks like we may know this in the near future too.
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