SpaceX officially submits IPO application, does not disclose issuance scale and valuation

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Deep Tide TechFlow News, May 21 — Elon Musk's SpaceX announced plans for the largest IPO in history, fully disclosing the company's financial details covering rocket launches, satellite broadband, and artificial intelligence businesses to investors. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion in the first three months of this year, with an operating loss of $1.9 billion. After the IPO, Musk will hold 85.1% of the voting rights.

The company also plans to conduct mining operations on near-Earth asteroids. The document also shows that Anthropic will pay SpaceX $1.25 billion per month before May 2029. Although the issuance scale and proposed valuation have not been disclosed, media reports previously indicated that SpaceX discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on NASDAQ under the stock ticker SPCX. (Jin10)

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