r/SPCXInvestors

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.

Hello together 🚀

The Subreddit for SpaceX Investors has officially launched.

SpaceX IPO quickly summarized:

-> Ticker symbol $SPCX
-> IPO is planned for the 12th of June
-> Targeted valuation at IPO of $2 trillion
-> Plans to raise $75+ billion at IPO

What do you all think? 🙃

In Musk we t(h)rust

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.

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