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SpaceX Files Historic IPO Bid

Wall Street Journal US Business •
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SpaceX has filed for its long-awaited IPO, seeking to raise tens of billions of dollars in what could become the largest offering in history. The Elon Musk-led company plans to begin selling shares in mid-June, with diverse operations spanning rocket launches, satellite communications, and an AI unit competing with industry giants.

Nvidia reported blockbuster first-quarter results with sales reaching $81.6 billion, up 85% from the previous year. The chip giant's net income of $58.3 billion more than tripled the year-earlier figure, driving its market value to nearly $5.5 trillion and making it the world's largest publicly traded company.

Meanwhile, Anthantic expects a 130% revenue surge to $10.9 billion in the current quarter, targeting its first operating profit. The AI startup's funding round could value it above OpenAI, which is reportedly preparing to file confidential IPO documents as soon as this week.