SpaceX (NASDAQ:SPCX) said Monday it will primarily release its corporate updates to the public through its website and social media account on X, rather than traditional wire services, further deepening Elon Musk‘s push to make the social media platform a central hub for corporate communications.
The latest move was disclosed in a regulatory filing, just days after SpaceX completed its blockbuster public market debut and became one of the world’s most valuable publicly traded companies.
X Becomes A Primary Disclosure Channel
While material information will continue to be included in filings to the Securities and Exchange Commission as required, SpaceX said it plans to bypass traditional wire services such as Business Wire and PR Newswire for earnings releases and other major announcements.
“Company encourages members of the investment community, the media, and others to follow the channels listed above and to review the information disclosed through such channels,” SpaceX said in its announcement.
