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The company revealed that the investment from the DoW is in the form of a convertible preferred security of the MSL business, which will convert into common equity upon an initial public offering (IPO).—Prabhat Ranjan Mishra, Interesting Engineering, 26 Apr. 2026 With SpaceX’s expected IPO later this year, Musk could become the world’s first trillionaire.—David Ingram, NBC news, 26 Apr. 2026 The trial lands as Musk is preparing to take SpaceX public in what will likely be a record IPO.—Ashley Capoot, CNBC, 24 Apr. 2026 But six months after a high-profile IPO, the company’s share price has crashed, and its CEO and CFO both left their posts this weekend, reportedly over disagreements about whether to sell the firm (Fermi didn’t respond to a request for comment).—Tim McDonnell, semafor.com, 23 Apr. 2026 See All Example Sentences for IPO