SpaceX officially files for IPO
Elon Musk's space exploration company SpaceX on Wednesday officially filed for a Nasdaq IPO. The company intends to list under the ticker SPCX.
SpaceX Q1 revenue 4,694 million, loss from operations of1,943 million
SpaceX Q1 space segment revenue $619 million
SpaceX Q1 connectivity segment revenue $3,257 million
SpaceX Q1 AI segment revenue $818 million
SpaceX: 5% or greater shareholders include Elon Musk
SpaceX: Will have "controlled company" status after IPO, does not need majority of board to be independent
SpaceX: Musk will have power to control outcome of matters that need shareholder approval
SpaceX: Does not expect to declare or pay dividends to holders of Class A stock in the foreseeable future
SpaceX: Elon Musk has combined voting power of 85.1%
SpaceX: Elon Musk owns 12.3% of Class A shares, 93.6% of Class B shares
SpaceX: After IPO, Musk will be CEO, CTO and chairman of the board
SpaceX: Musk can elect, remove, or fill vacancy among Class B directors
Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are lead underwriters.