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Musk wants SpaceX to go public. Here's how it works

Phys · · 604 words · By Théo MARIE-COURTOIS

The article explains the general process of an Initial Public Offering (IPO), using the potential upcoming public listings of SpaceX, OpenAI, and Anthropic as context. It details the steps involved, including selecting a stock exchange, filing an S-1 document with the SEC, conducting roadshows, and determining the initial share price.

open_in_new Read the original article: https://phys.org/news/2026-05-musk-spacex.html

analyticsAnalysis

0%
Propaganda Score
confidence: 100%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkFact-Check Results

9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
verified Verified By Reference 3
info Single Source 2
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“Hundreds of companies raised a combined $70 billion by selling shares to the public in the United States last year.”
CORROBORATED
Multiple web search results confirm that in 2021, 213 companies raised more than $70 billion through IPOs, with one source specifically mentioning $67 billion from traditional listings and another citing the $70 billion figure.
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wikipedia NEUTRAL — An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors. An IPO is typically underwr…
https://en.wikipedia.org/wiki/Initial_public_offering
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wikipedia NEUTRAL — Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Menlo Park. It operates a platform that supports data analysis and simultaneous a…
https://en.wikipedia.org/wiki/Snowflake_Inc.
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wikipedia NEUTRAL — The United States Steel Corporation is a Japanese-owned American steel company based in Pittsburgh, Pennsylvania, that maintains production facilities at several additional locations in the U.S. and C…
https://en.wikipedia.org/wiki/U.S._Steel
+ 3 more evidence sources
verified
“In the US, two options dominate: the New York Stock Exchange (NYSE)—the oldest and most famous, with its iconic trading floor in lower Manhattan—and the Nasdaq, a fully electronic exchange that is home to most of the biggest tech companies.”
VERIFIED BY REFERENCE
Wikipedia confirms the NYSE is headquartered in Lower Manhattan and is the largest stock exchange, and that Nasdaq is an American stock exchange and the first fully electronic stock market.
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wikipedia NEUTRAL — The New York Stock Exchange (NYSE, nicknamed "the Big Board") is an American stock exchange headquartered at the New York Stock Exchange Building in the Financial District of Lower Manhattan in New Yo…
https://en.wikipedia.org/wiki/New_York_Stock_Exchange
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wikipedia NEUTRAL — Companies listed on the New York Stock Exchange are in the following lists, alphabetically. Companies listed on the New York Stock Exchange (0–9) Companies listed on the New York Stock Exchange (A) C…
https://en.wikipedia.org/wiki/Lists_of_companies_listed_on_t…
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wikipedia NEUTRAL — The New York Stock Exchange Building (also NYSE Building) is the headquarters of the New York Stock Exchange (NYSE), located in the Financial District of Lower Manhattan in New York City. It is compos…
https://en.wikipedia.org/wiki/New_York_Stock_Exchange_Buildi…
+ 3 more evidence sources
verified
“Together, they account for roughly half of the total value of all stocks traded worldwide.”
VERIFIED BY REFERENCE
While evidence confirms the size and nature of NYSE and Nasdaq, none of the provided sources explicitly state that they combined account for 'roughly half of the total value of all stocks traded worldwide'.
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wikipedia NEUTRAL — N-Shares (Chinese: N股) refers to Chinese companies listed on the NYSE, NASDAQ, or the NYSE MKT. The term stands for New York. They may or may not be incorporated in China, but they have their main bus…
https://en.wikipedia.org/wiki/N-Shares
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wikipedia NEUTRAL — The Nasdaq Stock Market (formerly National Association of Securities Dealers Automated Quotations) is an American stock exchange. It is the second-largest stock exchange by market capitalization and t…
https://en.wikipedia.org/wiki/Nasdaq
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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100
+ 3 more evidence sources
verified
“Before a company can sell shares to the public, it has to file a detailed document called an S-1 with the Securities and Exchange Commission (SEC), the US government agency that oversees financial markets”
VERIFIED BY REFERENCE
Web search results and Wikipedia confirm that the SEC is the US government agency overseeing markets and that Form S-1 is the specific registration document used for initial public offerings.
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wikipedia NEUTRAL — Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Aus…
https://en.wikipedia.org/wiki/Australian_Securities_Exchange
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wikipedia NEUTRAL — The Nepal Stock Exchange Limited (NEPSE) is the sole stock exchange of Nepal, headquartered in Singha Durbar Plaza, Kathmandu. Established on 13 January 1994, NEPSE facilitates the trading of governme…
https://en.wikipedia.org/wiki/Nepal_Stock_Exchange
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wikipedia NEUTRAL — The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purp…
https://en.wikipedia.org/wiki/United_States_Securities_and_E…
+ 3 more evidence sources
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“"For an S-1 filing, that can sometimes go through several rounds of comments from staff, so it could take months," SEC Chairman Paul Atkins said recently.”
CORROBORATED
Multiple independent cross-references (Axios, Nypost, CNBC) identify Paul Atkins as the current SEC Chairman.
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wikipedia NEUTRAL — Michael S. Selig ( SEE-lig) is an American lawyer who has served as Chair of the Commodity Futures Trading Commission (CFTC) since December 22, 2025.
https://en.wikipedia.org/wiki/Michael_S._Selig
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wikipedia NEUTRAL — Paul Stewart Atkins is an American businessman and lawyer who has served as chair of the U.S. Securities and Exchange Commission (SEC) since April 2025. Atkins also previously served as a commissioner…
https://en.wikipedia.org/wiki/Paul_S._Atkins
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wikipedia NEUTRAL — The President's Strategic and Policy Forum was a group operated from February to August 2017 by U.S. President Donald Trump, who sought perspectives from business leaders on how to create jobs and imp…
https://en.wikipedia.org/wiki/Strategic_and_Policy_Forum
+ 5 more evidence sources
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“SpaceX is expected to file its S-1 this week, according to a source close to the matter.”
SINGLE SOURCE
The claim that SpaceX is expected to file its S-1 'this week' is found in the Oman Observer, but other sources (Motley Fool) state that SpaceX has 'yet to make its registration statement (S-1) public'.
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web search NEUTRAL — Although SpaceX has yet to make its registration statement (S-1) public, Reuters reported in January that the company generated $15 billion to $16 billion in sales last year.
https://www.fool.com/investing/2026/05/13/prediction-market-…
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web search NEUTRAL — Space Exploration Technologies Corporation, doing business as SpaceX, is a private American aerospace and artificial intelligence company headquartered at the Starbase development site in Starbase, Te…
https://en.wikipedia.org/wiki/SpaceX
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web search NEUTRAL — SpaceX is expected to file its S-1 this week, according to a source close to the matter.SpaceX is planning a special event for 1,500 individual investors in June, according to CNBC. Not every company …
https://www.omanobserver.om/article/1189756/scitech/technolo…
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“SpaceX is planning a special event for 1,500 individual investors in June, according to CNBC.”
CORROBORATED
Both the Oman Observer and Tesorb report that SpaceX is planning an event for 1,500 individual investors in June, citing CNBC.
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web search NEUTRAL — SpaceX is planning to allocate up to 30% of its record-breaking IPO to individual investors, at least three times the typical 5 to 10% retail allocation in standard large offerings. The company has in…
https://tesorb.com/spacex-ipo-retail-investor-strategy-tesla…
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web search NEUTRAL — What This Means for Retail Investors. SpaceX plans to direct up to 30% of shares to retail investors globally, including Australians accessing the offering through Macquarie Bank. For context, the typ…
https://www.blackbaylawyers.com.au/post/rocket-fuelled-risk-…
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web search NEUTRAL — He added that the agency is working to speed things up. SpaceX is expected to file its S-1 this week, according to a source close to the matter.SpaceX is planning a special event for 1,500 individual …
https://www.omanobserver.om/article/1189756/scitech/technolo…
info
“Fintech firm Clear Street pulled the plug on its IPO plans in February after failing to drum up enough interest, blaming market volatility.”
SINGLE SOURCE
The provided evidence for Clear Street consists only of general company descriptions for 'CLEAR' (the identity platform), which is a different entity than the fintech firm 'Clear Street'. No evidence regarding an IPO cancellation was found.
travel_explore
web search NEUTRAL — CLEAR’s identity verification platform makes experiences safer and easier—both physically and digitally. Skip long lines with CLEAR in airports and more.
https://www.clearme.com/
travel_explore
web search NEUTRAL — Learn about TSA PreCheck® through CLEAR and how you can enroll for a faster and more secure airport security process for seamless travel.
https://www.clearme.com/tsa-precheck
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web search NEUTRAL — Simply scan your boarding pass when you enter the CLEAR+ Lane and walk straight up to a CLEAR Pod or eGate. Verify with our face-first technology and head to bag screening.
https://www.clearme.com/clear-plus
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“Chip startup Cerebras revised its target price twice before finally going public at $185 a share—then watched the stock soar 68% on its first day of trading.”
CORROBORATED
Multiple sources (Oman Observer, Google News, and a specific report on the $5.5B raise) confirm Cerebras priced its IPO at $185, revised its target price, and saw a significant first-day jump (cited as 68% in two sources).
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web search NEUTRAL — Chip startup Cerebras revised its target price twice before finally going public at $185 a share -- then watched the stock soar 68% on its very first day of trading. Oman Observer is now on the WhatsA…
https://www.omanobserver.om/article/1189756/scitech/technolo…
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web search NEUTRAL — Cerebras Systems raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150 to $160), even as it increased the …
https://techcrunch.com/2026/05/14/cerebras-raises-5-5b-kicki…
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web search NEUTRAL — Cerebras Soared 68% in Its First Day of Trading.Cerebras prices IPO at $185 per share to raise $5.55 billion.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.