finance
SpaceX Prepares to File for Long-Awaited IPO Next Week
SpaceX is preparing to file publicly for its long-awaited IPO as soon as next week. Elon Musk stated he is not selling any SpaceX shares. The development marks a significant step for the privately held company.
May 16, 5:34 AM·1m read1 source
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SpaceX is preparing to file publicly for its long-awaited IPO as soon as next week. Elon Musk said he is not selling any SpaceX shares. The statement comes as the company moves toward a public listing that has been anticipated for years.
@business reported that Musk made the comment amid preparations for the IPO filing. The filing had been long awaited by investors and industry observers. SpaceX's IPO filing is planned as soon as next week, according to people familiar with the matter.
The move would transform the rocket company into a publicly traded entity for the first time. Musk's assurance that he is not selling any shares is likely intended to signal continuity of his control. The founder has historically retained significant ownership stakes in his companies after they go public.
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