Applied Aerospace Files for IPO, Joining Pre-SpaceX Rush

Applied Aerospace & Defense Inc. filed for a US initial public offering, joining a recent rush of space and defense firms to public markets ahead of the potential listing of SpaceX later this year.

The Huntsville, Alabama-based space and defense engineering firm made a net loss of $15.1 million on revenue of $134.4 million for the first three months of this year, compared with a net loss of $7.3 million on revenue of $111 million in the same period a year earlier, according to a filing Friday with the US Securities and Exchange Commission.