SpaceX officially submitted its IPO application, without disclosing the offering size and valuation

May 21st News, according to Jingshi, Elon Musk's SpaceX has announced plans for the largest IPO in history, fully disclosing the financial details of the company, which covers rocket launches, satellite broadband, and artificial intelligence businesses, to investors. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion and an operating loss of $1.9 billion in the first three months of this year. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to conduct mining operations in near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month before May 2029. Although the offering size and proposed valuation have not yet been disclosed, media previously reported that SpaceX had discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on Nasdaq under the stock ticker SPCX.