Transcript
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Julie Chang (0:16)
Here's your afternoon TNV Tech minute for Wednesday, April 1st. I'm Julie Chang for the Wall Street Journal.
Cory Drew Bush (0:23)
SpaceX has filed to go public, and it could be the biggest initial public
Julie Chang (0:29)
offering ever, according to people familiar with the matter. The satellite builder and rocket operator has confidentially filed IPO paperwork with the securities and Exchange Commission. The filing puts the company on track
Cory Drew Bush (0:41)
to potentially list shares by July.
Julie Chang (0:44)
SpaceX is aiming for an IPO that
Cory Drew Bush (0:46)
could raise between 40 and 80 billion dollars.
Julie Chang (0:49)
WSJ reporter Cory Drew Bush explains why
Cory Drew Bush (0:52)
SpaceX is choosing to file now.
SpaceX Executive (0:55)
A key reason is we have a couple other huge IPOs that are eyeing debuts later, and those are AI rivals, which are OpenAI and Anthropic. And so there's a really big advantage to being a first mover because a
SpaceX Executive (1:12)
lot of the same investors are going to be looking at putting money into SpaceX as OpenAI and as anthropic. And if one of those doesn't go well and they happen to go first, those same fund managers might say, you know what? I'm going to put in a smaller order this time. I don't think I'm going to buy as much of that risky stock.
Julie Chang (1:28)
SpaceX executives long insisted the company wouldn't
Cory Drew Bush (1:31)
go public until its rockets regularly flew to Mars. But it changed course and began racing to a stock listing last year as CEO Elon Musk pushes to build out data centers in space, a pricey endeavor that a giant IPO could help fund.
Julie Chang (1:47)
FISA has rolled out six AI tools
Cory Drew Bush (1:50)
