SpaceX confirms IPO filing after Musk’s OpenAI court loss
SpaceX has confirmed its plans to go public this summer following Elon Musk's recent court loss to OpenAI. The company submitted a securities filing for an initial public offering, potentially raising up to $80 billion. This IPO could make Musk the world's first trillionaire and is set to take place on June 12, with Goldman Sachs leading the offering.
- ▪SpaceX submitted a securities filing for an IPO that may be unveiled in June.
- ▪The IPO could raise as much as $80 billion, surpassing the previous record set by Saudi Aramco.
- ▪Musk will retain 85% voting control over SpaceX and serve as its CEO after the IPO.
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SpaceX is moving forward with its plan to go public this summer after founder Elon Musk lost a court case to OpenAI, a close competitor to his artificial intelligence company, xAI. Musk’s aerospace business submitted a securities filing on Wednesday ahead of an initial public offering that may be unveiled in June. The historic IPO would enable Musk to become the world’s first trillionaire. As of Wednesday, his net worth is over $807 billion. Recommended Stories Musk vows to appeal after losing case against OpenAI Musk loses case against Sam Altman over OpenAI mission New Yorkers slammed by nightmare Monday morning commute thanks to LIRR strike The latest filing does not show how much money SpaceX aims to raise from investors in the offering, but previous reporting has revealed it could be…
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