Space Exploration Technologies (SPCX) has filed a US$3.42b shelf registration for Class A common stock, giving the company flexibility to issue 23.6 million shares as funding needs arise. The shelf registration lands after a sharp run earlier in the year, with Space Exploration Technologies posting a 90 day share price return of 26.2% even as the year to date share price return is down 8.7% at a last close of US$146.90. Fresh Q3 profitability, the US$40b AI chip financing, and ongoing Tesla…
