SpaceX has officially filed its S-1 prospectus with the SEC, aiming for a historic IPO valued between $1.75 trillion and $2 trillion. The company is looking to raise up to $75 billion and could debut as early as June 12th. SpaceX currently has over 10 million subscribers for its Starlink satellite internet service, which is its main revenue source.
Separately, CoreWeave (CRWV), a high-performance cloud provider, reported a sales backlog of $66.8 billion by the end of FY25. The company recently secured a multi-year agreement with Meta Platforms valued at approximately $21 billion to provide AI cloud capacity through 2032, further enhancing its growth prospects in the AI sector.
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