u/Pure_Reference_4373

SpaceX Says Retail Investors Get the Same IPO Price as Wall Street

SpaceX’s S-1 says shares in the offering will be made available to retail investors through:

Charles Schwab
Fidelity
Robinhood
SoFi
E*TRADE

The filing also says any retail offering purchases through these platforms will be executed at the same IPO price and at the same time as purchases from institutions and other large investors.

That detail is highlighted in the S-1 screenshot attached above.

u/Pure_Reference_4373 — 1 day ago

▲ 24 r/SPCXInvestors

SpaceX Files S-1 With the SEC as It Prepares for IPO

SpaceX has filed its S-1 registration statement with the U.S. Securities and Exchange Commission and intends to list its shares on Nasdaq under the ticker $SPCX.

The filing shows that SpaceX will remain a controlled company after the IPO, meaning it will not need a majority-independent board. Elon Musk would retain 85.1% combined voting power.

Key ownership / governance details:

Elon Musk owns 12.3% of Class A shares
Elon Musk owns 93.6% of Class B shares
After the IPO, Musk will serve as CEO, CTO, and Chairman of the Board

Q1 financials from the filing:

Revenue: $4.69B
Net loss: $4.28B
Operating loss: $1.94B

Segment revenue:

Connectivity (Starlink): $3.26B
AI: $818M
Space: $619M

The IPO is being led by Goldman Sachs, Morgan Stanley, and Bank of America.

u/Pure_Reference_4373 — 1 day ago

▲ 10 r/SPCXInvestors

SpaceX Plans to Buy Cursor for $60B After IPO

SpaceX reportedly expects to move forward with its acquisition of AI coding startup Cursor 30 days after it begins trading publicly.

Key details:

SpaceX is expected to file for its IPO as soon as Wednesday

Shares could list on June 12, putting the Cursor deal on track for July

SpaceX would reportedly pay Cursor a $10B cash breakup fee if the deal falls through

The deal follows SpaceX’s recent merger with xAI and
would further expand its AI coding capabilities

Cursor released its latest model, Composer 2.5, on Monday, trained using xAI’s Colossus 2 data center

u/Pure_Reference_4373 — 2 days ago

▲ 8 r/SPCXInvestors

SpaceX Selects Goldman Sachs to Lead Historic IPO

Per CNBC, SpaceX has chosen Goldman Sachs to lead what could become one of the largest IPOs in market history.

Other major banks reportedly involved include:

Morgan Stanley
Bank of America
Citigroup
JPMorgan

SpaceX could publicly release its IPO prospectus as soon as this Wednesday.

reddit.com

u/Pure_Reference_4373 — 2 days ago

▲ 4 r/SPCXInvestors

SpaceX’s Potential IPO Could Create Massive VC Returns

At a possible $1.75T valuation, the upside for early backers could be enormous:
Valor Equity reportedly owns about 4%, with potential gains of roughly $65B
Founders Fund reportedly owns about 3.5% after investing more than $600M, with potential gains of $60B+
Sequoia reportedly owns nearly 1.5% after investing about $2B across SpaceX, xAI, and X, with potential returns of $20B+
SpaceX is expected to make its IPO prospectus public as soon as Wednesday, setting up a possible mid-June listing.