"Once its prospectus is public, anyone will be able to peruse closely guarded business metrics, such its historic revenue and profit, as well as SpaceX's plans for future growth and its assessment of the broader marketplace in which it operates."
"The "risk factors" section of the document should be especially fascinating, as SpaceX has a stated goal of "establishing a self-sufficient city on Mars." SpaceX filed preliminary confidential paperwork with the SEC in early April."
"According to reporting from the Financial Times, which cited people familiar with its confidential S-1 filing, SpaceX is seeking to raise roughly $75 billion for a valuation of $1.75 trillion. That would make it the biggest market debut of all time, beating out Saudi Aramco, which raised $29 billion for its IPO in 2019."
"SpaceX is also proposing to hand enormous voting power to Musk, CEO and board chair, who will own a "supermajority of class B stock," the FT further reports, a structure that could essentially prevent the billionaire from ever being fired."
SpaceX is preparing for a highly anticipated IPO, with the possibility that its SEC paperwork could become public as soon as the week. Once the prospectus is available, investors can review historical revenue and profit, future growth plans, and assessments of the market SpaceX operates in. The risk factors may be notable because SpaceX states a goal of establishing a self-sufficient city on Mars. SpaceX submitted preliminary confidential SEC filings in early April and is reportedly targeting a June 12 listing date. Reporting indicates SpaceX seeks about $75 billion for a valuation around $1.75 trillion, which would be the largest IPO ever. The company is also proposing to give Elon Musk a supermajority of class B stock, potentially limiting the ability to remove him. SpaceX is expected to list on Nasdaq.
Read at Fast Company
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