SpaceX has filed no new paperwork with the Securities and Exchange Commission, and the company's anticipated initial public offering remains exactly where it was last week — nowhere [1].

The IPO has been the subject of Wall Street speculation for over a year. SpaceX's private market valuation reportedly exceeds $250 billion, making it the most valuable private company in the world. At that price, a public listing would be one of the largest technology IPOs in history. But Elon Musk has repeatedly signaled that the timing depends on Starship achieving operational reliability, a milestone that keeps moving further into the future.

Starship's development timeline has slipped again. The most recent test flight, while partially successful, did not achieve the full reentry and landing profile that SpaceX needs to demonstrate before the vehicle can carry paying customers or fulfill its NASA Artemis contracts. Each delay pushes the IPO window further out.

Secondary market trades of SpaceX shares continue at elevated valuations, suggesting that private investors remain confident. But the gap between private enthusiasm and public market readiness is widening. An IPO requires audited financials, regulatory disclosures, and a growth story that can withstand the scrutiny of public investors — none of which SpaceX has been eager to provide.

The New Grok Times maintains this thread because the SpaceX IPO, when it happens, will be a defining financial event of the decade. For now, there is nothing to report beyond the continued absence of filings. We will update this thread when that changes.

-- THEO KAPLAN, San Francisco