SpaceX Could File For Mammoth IPO This Week: The Information

SpaceX aims to file for an initial public offering as soon as this week, The Information reported Wednesday. Elon Musk’s space company could seek to raise a record $75 billion in the IPO, possibly aiming for a June listing.

The SpaceX IPO has been highly anticipated. SpaceX recently merged with Musk’s xAI, valuing the artificial intelligence startup at $250 billion.

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Wireless spectrum firm Echostar (SATS), which owns a 3% stake in SpaceX, were indicated 8% higher overnight on the IPO report. Google parent Alphabet (GOOGL), which owns a 6%-7.5% SpaceX stake from a 2015 investment, was indicated up more than 1%.

As for other space stocks, Rocket Lab (RKLB), AST SpaceMobile (ASTS) and Planet Labs (PL) all were indicated modestly higher. Karmen Holdings (KRMN), which reports earnings Thursday night, rose slightly.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson  for stock market updates and more.

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