SpaceX finally files IPO prospectus, reveals revenue is up–but losses are too |
SpaceX finally files IPO prospectus, reveals revenue is up–but losses are too
Elon Musk’s SpaceX has, at long last, filed its prospectus for what’s expected to be the largest initial public stock offering ever.
In an S-1 filing brimming with glossy color photos of rockets and space, and peppered with pull quotes highlighting Musk’s musings, the company disclosed plans on Wednesday to list its shares on the Nasdaq and Nasdaq Texas under the ticker “SPCX.”
The IPO prospectus provided the first official look at the financials behind the much-hyped rocket maker that’s been around since 2002, as well as at several other businesses that Musk has folded into the company including AI, social media, and the Starlink satellite communications business. The Starlink business appears to SpaceX’s primary financial and........