Billionaire Elon Musk’s SpaceX has reportedly filed for an IPO, which could become one of the largest public offerings ever.

FTC filings show Tesla converting its $2 billion xAI investment into a small SpaceX stake ahead of the rocket company's planned IPO.

Many automakers have tried to build an anti-Tesla, but all have failed. Despite Tesla's various controversies, and the billions spent by rival automakers on developing EVs, Tesla still commands about ...