{"id":2605274,"date":"2026-05-20T20:02:02","date_gmt":"2026-05-21T00:02:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/spacex-confirms-ipo-filing-after-musks-openai-court-loss\/"},"modified":"2026-05-20T20:03:18","modified_gmt":"2026-05-21T00:03:18","slug":"spacex-confirms-ipo-filing-after-musks-openai-court-loss","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/spacex-confirms-ipo-filing-after-musks-openai-court-loss\/","title":{"rendered":"SpaceX confirms IPO filing after Musk&#8217;s OpenAI court loss"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fspacex-confirms-ipo-filing-after-musks-openai-court-loss%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2605274&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SpaceX, led by Elon Musk, is moving toward an IPO this summer, following Musk\u2019s recent court loss against OpenAI. SpaceX submitted an SEC securities filing ahead of an initial public offering that may be announced in June, potentially as soon as June 12. The offering coudl be among the largest ever, with prior reporting suggesting it might raise up to about $80 billion.<\/p>\n<p>Goldman Sachs is leading the deal, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase also involved. SpaceX plans to list on Nasdaq under the ticker symbol SPCX. After going public, Musk is expected to keep 85% voting control and serve as CEO, chairman, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/burn-every-cop-precinct-to-the-ground-new-dccc-cto-tweeted-violent-anti-police-rhetoric\/\" title=\"\u2018Burn Every Cop Precinct To The Ground\u2019: New DCCC CTO Tweeted Violent, Anti-Police Rhetoric\">chief technology officer<\/a>. The filing also reflects the integration of Musk\u2019s AI company, xAI, into SpaceX, contributing to a potentially combined valuation of up to around $2 trillion.<\/p>\n<p>The IPO push comes amid OpenAI\u2019s own reported plans to pursue a public offering shortly (as early as Friday),and the timing suggests it might potentially be trying to reach markets first or compete for investor attention. The court case Musk lost centered on claims that openai\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-musks-lawsuit-against-altman-could-change-about-the-ai-industry\/\" title=\"What Musk&#039;s lawsuit against Altman could change about the AI industry\">leadership prioritized profit<\/a> over the company\u2019s original humanitarian mission; Musk has said he will appeal, while openai keeps its current for-profit structure.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/spacex\/\" type=\"post_tag\" id=\"3290\">SpaceX<\/a> is moving forward with its plan to go public this summer after founder <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/elon-musk\/\" type=\"post_tag\" id=\"1412\">Elon Musk<\/a> lost a court case to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/openai\/\" type=\"post_tag\" id=\"11146\">OpenAI<\/a>, a close competitor to his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/commerce-secretarys-husband-is-top-executive-at-tech-firm-funded-by-chinese-government\/\" title=\"Commerce Secretary\u2019s Husband Is Top Executive at Tech Firm Funded by Chinese Government\">artificial intelligence company<\/a>, xAI.<\/p>\n<p class=\"wp-block-paragraph\">Musk\u2019s aerospace business submitted a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1181412\/000162828026036936\/spaceexplorationtechnologi.htm\" type=\"link\" id=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1181412\/000162828026036936\/spaceexplorationtechnologi.htm\">securities filing<\/a> on Wednesday ahead of an initial public offering that may be unveiled in June. The historic IPO would enable Musk to become the world\u2019s first trillionaire. As of Wednesday, his <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.forbes.com\/profile\/elon-musk\/\" type=\"link\" id=\"https:\/\/www.forbes.com\/profile\/elon-musk\/\">net worth<\/a> is over $807 billion.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4573613\/musk-appeal-openai-case-altman\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Musk vows to appeal after losing case against OpenAI<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4572894\/elon-musk-loses-case-against-sam-altman-openai-mission\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Musk loses case against Sam Altman over OpenAI mission<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4572365\/new-york-commute-slammed-lirr-strike\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>New Yorkers slammed by nightmare Monday morning commute thanks to LIRR strike<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">The latest filing does not show how much money SpaceX aims to raise from investors in the offering, but <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4513908\/elon-musk-spacex-beats-openai-anthropic-ipo-filing\/\" type=\"link\" id=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4513908\/elon-musk-spacex-beats-openai-anthropic-ipo-filing\/\">previous reporting<\/a> has revealed it could be as much as $80 billion. It would likely become the largest IPO, surpassing the 2020 debut of Saudi Aramco on the public market, with $29.4 billion raised from investors.<\/p>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">Goldman Sachs is leading the SpaceX offering, followed by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.<\/p>\n<p class=\"wp-block-paragraph\">SpaceX says it intends to trade on the Nasdaq under ticker symbol SPCX, according to the filing. The company is looking to go public on June 12.<\/p>\n<p class=\"wp-block-paragraph\">After the blockbuster IPO comes to fruition, SpaceX says Musk will hold 85% voting control over the company and serve as its CEO, chairman, and chief technology officer.<\/p>\n<p class=\"wp-block-paragraph\">Musk\u2019s AI firm, xAI, is wrapped up in SpaceX, helping raise the combined entity\u2019s market valuation to as much as $2 trillion. Earlier this month, Musk <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/elonmusk\/status\/2052105373621121284\" type=\"link\" id=\"https:\/\/x.com\/elonmusk\/status\/2052105373621121284\">said<\/a> xAI will no longer be considered a separate company after it was acquired by SpaceX.<\/p>\n<p class=\"wp-block-paragraph\">Musk remains committed to his AI venture, especially after he was dealt a court loss against OpenAI this week.<\/p>\n<p class=\"wp-block-paragraph\">The case stemmed from Musk\u2019s claims that OpenAI CEO <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/sam-altman\/\" type=\"post_tag\" id=\"11096\">Sam Altman<\/a> prioritized profit over the company\u2019s original humanitarian mission. The two started the organization together in 2015, but Musk left three years later over their differing visions.<\/p>\n<p class=\"wp-block-paragraph\">After the jury trial ended in a loss for Musk, he <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4573613\/musk-appeal-openai-case-altman\/\" type=\"link\" id=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4573613\/musk-appeal-openai-case-altman\/\">vowed to appeal<\/a> the verdict.<\/p>\n<p class=\"wp-block-paragraph\">Monday\u2019s ruling allowed Altman to keep running OpenAI, which will retain its for-profit model. It also emboldened the ChatGPT developer to pursue an IPO of its own.<\/p>\n<p class=\"wp-block-paragraph\">OpenAI is planning to file for one as soon as Friday, the <em>Wall Street Journal<\/em> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.wsj.com\/tech\/ai\/openai-ipo-filing-date-0ec95af5?mod=trending_now_news_5\" type=\"link\" id=\"https:\/\/www.wsj.com\/tech\/ai\/openai-ipo-filing-date-0ec95af5?mod=trending_now_news_5\">reported<\/a>. The timing suggests the company may be trying to beat SpaceX to going public, or at least steal its thunder.<\/p>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4572894\/elon-musk-loses-case-against-sam-altman-openai-mission\/\" type=\"link\" id=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4572894\/elon-musk-loses-case-against-sam-altman-openai-mission\/\">MUSK LOSES CASE AGAINST SAM ALTMAN OVER OPENAI MISSION<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">\u201cGetting to public markets first is very important, given this arms race going on,\u201d Wall Street technology analyst Dan Ives told CNBC. \u201cIt sets a valuation, you\u2019re the first one to meet with investors on the road, and there\u2019s an advantage.\u201d<\/p>\n<p class=\"wp-block-paragraph\">SpaceX is reportedly aiming to go on the road by June 8 to market the offering to investors, so it\u2019s unlikely OpenAI could secure an IPO before its competitor in the next two to three weeks. SpaceX first indicated it was going public in early April.<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX plans a June IPO after Musk loses an OpenAI court case<\/p>\n","protected":false},"author":2159,"featured_media":2605277,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/05\/AP26140747054864.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[32192,12320,32869,20164,4844],"class_list":["post-2605274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-elon-musk","tag-ipo","tag-legal-battle","tag-openai","tag-spacex"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/05\/AP26140747054864.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2605274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2605274"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2605274\/revisions"}],"predecessor-version":[{"id":2605279,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2605274\/revisions\/2605279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2605277"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2605274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2605274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2605274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}