The Globe and Mail reports in its Thursday edition that SpaceX took the wraps off its IPO filing on Wednesday, opening the books of the company that has already revolutionized rocket technology, with even larger ambitions build AI data centres in space.
A Reuters dispatch to The Globe says the initial public offering is poised to become the first trillion-dollar U.S. market debut and could set the stage for other monumental IPOs in coming months, among them potentially OpenAI and Anthropic.
The sale would immediately cement SpaceX as one of the world's most valuable publicly traded companies, the second in Elon Musk's sprawling business empire to surpass $1-trillion (U.S.) in market value.
SpaceX has grown into the world's largest space business since its founding in 2002 by launching thousands of Starlink Internet satellites. Its pioneering use of reusable rockets has transformed the economics of space, forcing competitors like Jeff Bezos's Blue Origin to play catch-up.
While SpaceX made its name by building rockets and launching satellites into space, much of its future growth hinges on artificial intelligence-related businesses. The company is expected to list on Nasdaq and Nasdaq Texas under the symbol SPCX.
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