Elon Musk-led SpaceX filed an amended version of its S-1 filing with the Securities and Exchange Commission (SEC) ahead of the upcoming IPO scheduled to take place later this month.

Here’s What The Amended SpaceX Filing Says

In a filing on Monday, SpaceX updated certain terms as it gears up for its blockbuster IPO. The commercial spaceflight giant outlined that it could issue a “significant amount of equity in connection with future transactions,” which, investor Gary Black of The Future Fund LLC said, could signal a possible merger with Tesla Inc. (NASDAQ:TSLA).

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Notably, any mergers or acquisitions of Tesla could render the operational milestones stipulated in Musk’s $1 trillion pay package obsolete, with the compensation award solely depending on the market capitalization of the EV giant.

SpaceX, in the filing, also said that Musk has an agreement with the IPO’s underwriter, Goldman Sachs Group Inc. (NYSE:GS), that shares owned by him would be subject to a year-long lock-up period.

Class B Shares, Anthropic Deal

Mars goals were also reaffirmed by SpaceX in the filing, saying that over 1 billion Class B shares would vest subject to “achievement of specified market capitalization milestones across 15 equal tranches,” as well as the “establishment of a permanent human colony on Mars with at least one million inhabitants,” the filing said, adding that would be depend on Musk’s “continued employment” through the date by which the achievement is “certified by our board.”

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The company also pointed towards its deal with Anthropic, which would see compute provided to the company that includes approximately 325,000 Nvidia Corp. (NASDAQ:NVDA) GPUs, “backed by hyperscale-class CPUs, exabyte-scale storage and high-speed networking and interconnects purpose-built for AI workloads.”

SpaceX also listed American Airlines Group Inc. (NASDAQ:AAL) as a customer of the Starlink satellite internet service following the agreement that would see SpaceX provide onboard Wi-Fi on American Airlines flights.

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