SpaceX Files IPO Prospectus Targeting $500B–$750B Fundraise; Nvidia Reports 85% Revenue Growth

According to BlockBeats, this week SpaceX filed its IPO prospectus, targeting a Nasdaq listing as early as end-June with a proposed fundraise of $500 billion to $750 billion, potentially valuing the company at approximately $1.25 trillion. The filing disclosed 2025 revenues of $18.7 billion, up 33% year-over-year, though the company reported a net loss of approximately $4.9 billion due to elevated spending on AI and data center infrastructure.

Separately, Nvidia reported Q1 revenue of $81.6 billion, up 85% year-over-year, with data center business revenue nearly doubling to $75.2 billion, while providing forward guidance that exceeded market expectations. CEO Jensen Huang announced that the Rubin AI system will begin mass production in the second half of this year, with Blackwell and Rubin chips expected to generate approximately $1 trillion in revenue over coming years.