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SpaceX reportedly secretly files for IPO, planning to communicate financial models with investment banks in May
People’s Finance News, April 2—According to reports, three people with knowledge of the matter said that Elon Musk’s company, Space Exploration Technologies Corp. (SpaceX), has secretly filed its application for an initial public offering (IPO) in the United States for the first time, a move that could create the largest IPO in history. Before this IPO, SpaceX has completed a merger with xAI; after the merger, the company’s potential valuation could exceed $1.75 trillion. People with knowledge of the matter said SpaceX will hold an Analyst Day event on April 21, encouraging research analysts to attend in person. The company will also offer optional itineraries for analysts on April 23, including a visit to xAI’s “Macrohard” data center in Memphis, Tennessee, and plans to hold an online meeting on May 4 to discuss financial models with investment bank research analysts. (First Finance)