"SpaceX is rumored to be targeting a staggering $1.75 trillion valuation, with plans to raise around $75 billion in its IPO."
"Under SEC rules, SpaceX isn't required to make its S-1 prospectus public until 15 days before it begins pitching to investors."
"Details like Starlink's subscriber revenue and the cash burn rate of the Starship program remain undisclosed until the S-1 drops."
"Until the S-1 actually drops, Wall Street will just have to speculate on how much cash Musk's orbital empire is actually generating."
SpaceX has initiated the process for an initial public offering, filing with the Securities and Exchange Commission. The filing remains confidential, and details such as Starlink's subscriber revenue and the cash burn rate of the Starship program are not yet available. The company is reportedly targeting a valuation of $1.75 trillion and plans to raise approximately $75 billion through the IPO. Until the S-1 prospectus is made public, speculation regarding the company's financial performance will continue.
Read at The Verge
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