Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

SolarCity Planning IPO to Follow Chairman Musk’s Tesla

SolarCity Corp., the developer of rooftop solar power systems whose chairman heads Tesla Motors Inc., is planning an initial public offering.

The offering will begin after the Securities & Exchange Commission reviews a draft registration statement the San Mateo, California-based company submitted April 26, according to a statement today that didn’t say how many shares it plans to sell or at what price.

SolarCity is seeking to go public while other renewable-energy companies are abandoning their IPO plans. BrightSource Energy Inc., a developer of solar-thermal power plants, and the cellulosic ethanol producer Enerkem Inc. both withdrew their registrations this month.

SolarCity’s Chairman Elon Musk is also chairman and chief executive officer of electric vehicle maker Tesla, which went public in 2010.

SolarCity was founded in 2006 by brothers Lyndon Rive, chief executive officer, and Peter Rive, chief operations and technology officer. They are Musk’s cousins.

The company’s projects have been financed with partners including Google Inc., U.S. Bancorp and Citigroup Inc. Its backers include Mayfield Fund, Draper Fisher Jurvetson and Al Gore’s Generation Investment Management LLP.

Jonathan Bass, a SolarCity spokesman, wouldn’t provide any additional information on the planned IPO in an e-mail today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.