SpaceX reportedly files for IPO but it’s keeping the numbers secret (for now)

SpaceX has reportedly filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), marking a significant step towards what is anticipated to be the largest IPO in history. According to a report from Bloomberg, the filing is confidential, meaning that the details of the IPO will not be publicly available until 15 days before the company begins its investor roadshow. This confidentiality includes key financial information such as Starlink's subscriber revenue and the cash burn rate of the Starship program. The IPO is expected to be a massive undertaking, with reports suggesting that SpaceX is aiming to raise approximately $75 billion. If successful, this would far surpass the current record for an IPO, which is held by Saudi Aramco, which raised $24 billion in its 2019 offering. SpaceX has lined up an unusually large number of 21 banks to manage this mega IPO, which is internally codenamed "Project Apex." While the specifics of the IPO remain undisclosed, the anticipation surrounding SpaceX's move to become a publicly traded company has been building for some time. The company has long been expected to take this step, with rumors suggesting that the IPO could take place as early as July. As the situation develops, further updates are expected regarding the financial details and overall structure of the offering.