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The Supreme Court heard that a high number of voters in West Bengal are still excluded from electoral rolls. This is happening even after judicial officers reviewed claims and objections. The court is looking into the ongoing revision process
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SpaceX could seek IPO valuation of over $1.75 trillion: Bloomberg
Elon Musk's SpaceX is aiming to file confidentially for an initial public offering that could value the rocket and satellite company at more than $1.75 trillion, Bloomberg News reported on Friday, citing people familiar with the matter.
The filing could come as soon as March, Bloomberg said, in what would rank among the largest IPOs in history. Plans could still change and SpaceX could delay its listing.
Sources have told Reuters that an IPO was likely in June, and a confidential filing in March would fit that timeline.
Musk also expects to test launch a new version of SpaceX's next-generation Starship rocket in March, incorporating hundreds of upgrades, following a months-long launch hiatus while the company worked to resolve engineering challenges.
SpaceX's past 11 test launches since 2023 have been high-profile events, sometimes attended by key figures with some resulting in total or partial failure.
SpaceX did not immediately respond to a Reuters request for comment on the Bloomberg report.
Investors are bracing for a bumper IPO year, with SpaceX, OpenAI and Anthropic among the highly valued tech firms preparing potential listings that could set records in 2026.
The Starbase, Texas-based company, generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, driven primarily by its Starlink satellite internet service, which accounts for between 50% and 80% of total revenue, Reuters reported last month, citing individuals familiar with the company's financials.
Starlink is advancing new offerings, including a direct-to-device internet service, a
Starlink-branded phone, among other services, according to prior reporting.
The company earlier this year completed its acquisition of Musk's artificial-intelligence startup xAI in an all-stock deal, with the combined entity valued at $1.25 trillion, according to people familiar with the matter.
Source: EconomicTimes
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