What Happened
Elon Musk's Rocket Company Targets Record-Breaking Public Offering
Elon Musk’s SpaceX is planning to go public on June 12, with the potential to raise as much as $80 billion in what could be the largest initial public offering of all time. The company will make its IPO paperwork public by mid-next week, providing investors with detailed financial statements, information on its various businesses, including the xAI artificial-intelligence business, and ownership structure. This development was first reported by The Wall Street Journal.