SpaceX Files for IPO to Fund Space, AI and Satellite Projects
SpaceX filed for an initial public offering on Wednesday as the Elon Musk-owned rocket manufacturer seeks to raise more capital for its space, AI and satellite ventures.
The filing follows a confidential IPO submission to the Securities and Exchange Commission last month. SpaceX did not disclose how much money it aims to raise, but previous estimates put the amount at up to $75 billion.
Musk founded SpaceX in 2002 to develop and launch spacecraft. The Texas-based company also owns Musk's artificial intelligence company, xAI, and his satellite company, Starlink.
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