Elon Musk reveals his grand ambitions for SpaceX
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SpaceX is giving the public a real look at the future of the company.
In a S-1 filing replete with glossy photos of rockets and space, SpaceX gave investors the first peek at its business financials and plans for a massive IPO.
Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available.
SpaceX targets a record-breaking $75B Nasdaq IPO at a $2T+ valuation this summer. Its S-1 filing reveals 18,712 BTC worth $1.29B on the balance sheet.
Anyone following SpaceX’s plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an initial public offering. Here’s a quick guide.
SpaceX had a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, compared with a net loss of $528 million on revenue of about $4 billion a year earlier, the filing shows.
If SpaceX’s IPO goes off as planned, it’ll be a pivotal moment for many of the company’s thousands of employees, who’ll finally be able to sell shares into the public market.
A research firm has flagged SpaceX's IPO valuation as significantly overvalued, casting doubt on Elon Musk's target. Read more at straitstimes.com. Read more at straitstimes.com.