👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
SpaceX said to file for IPO this week
SpaceX is aiming to file an IPO prospectus with US regulators as soon as this week or next, The Information reported, citing a person with direct knowledge of the plans.
Advisers working on the offering expect the company could try to raise more than US$75 billion, the report said.
The portion allocated to individual investors could exceed 20%, though the final percentage has not been set.
🔗 Source: Reuters
🧠 Food for thought
Implications, context, and why it matters.
Starlink revenue, strong results and big AI bets are shaping the IPO case
- Starlink satellite internet now brings in 50% to 80% of SpaceX revenue 1.
- The business produced about $8 billion in EBITDA (earnings before interest, taxes, depreciation and amortization) on $15 billion to $16 billion in revenue last year 1.
- New capital could support space-based AI data centers or a factory on the moon. SpaceX also entered AI through its acquisition of Musk’s xAI (a separate AI company Elon Musk founded), though IPO terms could still change 2.
For investors, dual-class shares could limit influence
- SpaceX is weighing a dual-class share structure for its planned IPO, which could let Elon Musk keep control after listing with a minority stake 3.
- Meta and Alphabet use similar setups, giving insiders super-voting shares that steer decisions with a minority stake 3.
- Backers say this structure protects Musk’s capital-heavy plans from activist investor pressure 3.
- Musk has said he may build AI and robotics products outside of Tesla unless he gets at least 25% voting control 2.
Recent SpaceX developments
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.