00:02SpaceX is taking a big step toward what could become the largest stock market debut in American
00:08history. The Elon Musk-led company filed paperwork Wednesday to go public, with plans to trade on
00:14the Nasdaq under the ticker symbol SPCX. The filing doesn't say yet how much shares will cost
00:21or how much money the company hopes to raise, but the stock could start trading as early as
00:26mid-June. SpaceX is already a massive player. The company is valued at about $1.25 trillion
00:32after its combination with Musk's AI company, XAI. The filing also offers a look under the hood.
00:40SpaceX reported nearly $18.7 billion in revenue last year, but still finished 2025 with a $4.9
00:48billion loss. The company also reported another $4.3 billion shortfall in the first three months
00:54of this year. Musk will keep majority voting control, while the company says its biggest
00:59growth opportunities are tied heavily to artificial intelligence.
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