Tech billionaire Elon Musk’s SpaceX is preparing to list its shares on the US-based Nasdaq in what will be the most hotly anticipated initial public offering (IPO) in years.Here’s everything you need to know about the deal:Recommended Stories list of 4 itemsend of listWhat is SpaceX?Founded in 2002 by Musk, now the world’s richest man, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles.Since 2006, the company has partnered with NASA to deliver cargo and crew to the International Space Station (ISS).The Texas-based company has also launched rockets, satellites and spacecraft for various private companies.As well as its aerospace business, SpaceX provides internet services and artificial intelligence platforms through its dedicated divisions, Starlink and xAI.What is an IPO?An IPO marks the first time a private company sells its shares to the public, granting them partial ownership.The process is colloquially known as “going public”.SpaceX will be listed under “SPCX” on the Nasdaq, which is home to such corporate behemoths as Nvidia, Apple and Microsoft.While SpaceX has not officially confirmed the date of its public debut, multiple media reports have said it is planning to do so as early as June.Following the IPO, members of the public will be able to buy and sell SpaceX shares on the stock exchange.Shareholders will also obtain voting rights at the company’s annual general meeting, where attendees elect company directors and air concerns about the direction of the b …
