Tareq Amin @TareqAmin_I’m proud to share that @HUMAIN has invested $3 billion into @xai 's Series E round, just prior to its historic acquisition by @SpaceX.Through this transaction, HUMAIN became a significant minority shareholder in xAI. The investment builds on our previously announced 500MW AI infrastructure partnership with xAI in Saudi Arabia, reinforcing HUMAIN’s role as both a strategic development partner and a scaled global investor in frontier AI.#HUMAIN #TheEndOfLimits8:11 AM · Feb 18, 2026
SpaceX is targeting filing confidentially for an initial public offering as soon as next month, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite company moves forward with plans for the biggest-ever listing.The Starbase, Texas-based firm expects to submit its draft IPO registration to the US Securities and Exchange Commission in March, the people said. Such a move would keep it on track for a June listing, making it the first of what could be a trio of mega-IPOs, with OpenAI and Anthropic PBC potentially coming after.... SpaceX could seek a valuation in the IPO of more than $1.75 trillion, some of the people said, asking not to be identified as the deliberations are private. It acquired Musk’s artificial intelligence startup xAI in a February deal that valued the enlarged entity at $1.25 trillion, Bloomberg News has reported....A listing for SpaceX would raise as much as $50 billion, people familiar with the preparations have said. At that size, it would be larger than the current record holder, Saudi Aramco’s $29 billion debut in 2019.
Quote from: Tywin on 02/04/2026 01:40 pmSome opinion of the high valuation:https://twitter.com/peter_adderton/status/2018859958654374365Nvidia, for example, went up 16,000% over 5 years, and it's at the bottom of he food chain.For this valuation to make sense, you need to believe that AI will become a part of industry and economics, not just a demo. If you do, it's a perfectly good valuation.Consider what happened to Intel, Microsoft, or Google since their very early days.Your attempt to compare present-day revenue with valuation is not even credible - nobody ever does that in a situation like this. It's just irrelevant.
Some opinion of the high valuation:https://twitter.com/peter_adderton/status/2018859958654374365
Musk’s X, xAI to Repay $17.5 Billion Debt as SpaceX IPO NearsBy Gowri Gurumurthy, Carmen Arroyo, and Paula SeligsonMarch 2, 2026 at 12:35 PM ESTUpdated on March 2, 2026 at 6:17 PM ESTThe roughly $17.5 billion of debt tied to Elon Musk’s social network X and artificial intelligence startup xAI is set to be paid back in full, according to people with knowledge of the matter.Morgan Stanley, which handled both companies’ debt raises, has been telling existing lenders on behalf of X and xAI that the firms will repay the outstanding debt, said the people, who asked not to be named because the details are private. They haven’t disclosed where the capital is coming from, the people added. XAI raised $20 billion of new equity money in January.X, formerly known as Twitter, took on about $12.5 billion of debt during Musk’s purchase, while xAI borrowed $5 billion through bonds and loans in June. The companies merged last year under xAI Holdings.
Under the Nasdaq's proposed "Fast Entry" rule, a newly listed company would be eligible for accelerated inclusion in just under a month if its market capitalization ranks among the index's top 40 current members. SpaceX is seeking a valuation of around $1.75 trillion for the IPO, one of the people said, which would make it the sixth-largest company by market value in the U.S., based on the latest share prices.Admission to a blue-chip index like the Nasdaq 100 or the S&P 500 gives companies increased access to the deep-pocketed institutional investors who typically buy sizable positions for their own index funds, broadening their shareholder base and improving liquidity over time. While the NYSE has a similar index that tracks its 100 largest U.S. stocks, it is less widely followed by investors, making inclusion in the Nasdaq 100 especially influential for megacap IPOs.
SpaceX IPO driven by capital fund-raising market dynamics
Scandal already? I admit I didn't donate 30 minutes to the cause.
Quote from: meekGee on 03/15/2026 04:00 pmScandal already? I admit I didn't donate 30 minutes to the cause.Yeah, I admit I didn't pay attention to the 'Scandal' part - just mainly his description of how capital fund-raising constraints are a primary force steering how the IPO shapes up.Given the wider market turbulence that's in the offing, could this significantly impact the success of the IPO?Given how SpaceX and Musk are already household names, it would likely mean everybody and his brother queuing up to buy in -- and also inevitably a huge Pump-&-Dump along with that.
Only 3-5% of shares will be available in IPO. A few months later the remaining 95-97% held by Musk, SpaceX employees and investors can be placed on market. This is when market value of shares gets sorted out over few weeks or months.
Quote from: sanman on 03/16/2026 12:51 amQuote from: meekGee on 03/15/2026 04:00 pmScandal already? I admit I didn't donate 30 minutes to the cause.Yeah, I admit I didn't pay attention to the 'Scandal' part - just mainly his description of how capital fund-raising constraints are a primary force steering how the IPO shapes up.Given the wider market turbulence that's in the offing, could this significantly impact the success of the IPO?Given how SpaceX and Musk are already household names, it would likely mean everybody and his brother queuing up to buy in -- and also inevitably a huge Pump-&-Dump along with that.No. SpaceX is a fundamentally financially sound company. The IPO will succeed.
Also, while SpaceX is the overwhelmingly dominant market leader, others will be making inroads into its existing market share (Blue Origin, Rocket Lab, Chinese competitors, etc) while Musk burns vast amounts of capital on his uphill battle to invent pie-in-the-sky infrastructure in space well beyond current technology levels.
What's noteworthy is that Musk has gotten Nasdaq to change its rules to accommodate his SpaceX IPO, so that he can issue a very low Float percentage for publicly tradeable shares.Musk has also publicly stated that he'd like a higher proportion of retail investors - a la Rocket Lab - presumably because he sees them as less savvy and less likely to out-game him as compared to institutional investment houses.
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing.The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn’t public. The filing puts it on track for a June listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC.
Quote from: sanman on 03/31/2026 08:59 amWhat's noteworthy is that Musk has gotten Nasdaq to change its rules to accommodate his SpaceX IPO, so that he can issue a very low Float percentage for publicly tradeable shares.Musk has also publicly stated that he'd like a higher proportion of retail investors - a la Rocket Lab - presumably because he sees them as less savvy and less likely to out-game him as compared to institutional investment houses.Throughout Tesla's time as a public company, the retail investors have been the most supportive and protective of the company and of Musk personally. Rock solid. Most of the institutional investors have been fickle. I can list some examples if you like. So it's no wonder that Musk would wish the Tesla retail investor base to receive an allocation for SpaceX.
Quote from: RedLineTrain on 03/31/2026 02:44 pmQuote from: sanman on 03/31/2026 08:59 amWhat's noteworthy is that Musk has gotten Nasdaq to change its rules to accommodate his SpaceX IPO, so that he can issue a very low Float percentage for publicly tradeable shares.Musk has also publicly stated that he'd like a higher proportion of retail investors - a la Rocket Lab - presumably because he sees them as less savvy and less likely to out-game him as compared to institutional investment houses.Throughout Tesla's time as a public company, the retail investors have been the most supportive and protective of the company and of Musk personally. Rock solid. Most of the institutional investors have been fickle. I can list some examples if you like. So it's no wonder that Musk would wish the Tesla retail investor base to receive an allocation for SpaceX.IMO retail investors are much more likely to buy SpaceX stock as an investment, and hold them for the medium to long term, which leads to stability. Institutions are more likely to buy SpaceX stock as 'goods for trade' to be bought and sold on a trader's whim or to suit some corporate goal entirely detached from the worth of the underlying stock.
