SpaceX IPO prospectus could land as soon as next week, sources say

SpaceX is on the verge of a significant financial milestone, with plans to unveil its IPO prospectus as early as next week, according to insider sources. The company, founded by Elon Musk, confidentially filed for its initial public offering back in April and is gearing up for what is anticipated to be an unprecedented share sale. As part of the IPO process, SpaceX intends to launch a marketing roadshow aimed at investors starting on June 8. Insiders, who requested anonymity due to the sensitive nature of the upcoming listing, indicated that the prospectus must be made public at least 15 days before the roadshow commences. However, the company is pushing to release it ahead of schedule to provide potential investors ample time to analyze the details. The anticipated IPO follows SpaceX's merger with xAI, Musk's artificial intelligence venture, which occurred in February and valued the combined company at an astonishing $1.25 trillion. Reports suggest that SpaceX is aiming for a listing worth between $70 billion and $75 billion, a figure that would shatter previous records, including Saudi Aramco's landmark offering in 2019. Due to the unprecedented scale of this IPO, SpaceX's financial advisors are exploring unconventional avenues to attract long-term retail investors, particularly those based outside the United States. This includes establishing connections with brokers in markets such as the U.K., Japan, and Canada to facilitate stock allocations for their clientele. The excitement on Wall Street is palpable, especially after a prolonged period without major IPOs. Investors are particularly eager for offerings linked to the burgeoning AI sector, as evidenced by the recent success of Cerebras, an AI chip manufacturer that saw its stock surge by 68% upon debut, reaching a market capitalization of approximately $95 billion. Additionally, AI giants like OpenAI and Anthropic are also looking to enter the public market this year, with potential valuations exceeding $1 trillion.