SpaceX unveiled its IPO filing on Wednesday, revealing the inner workings of the company that has transformed rocket technology and has grand aspirations of colonizing Mars and establishing AI data centers in space. This IPO is anticipated to mark the first trillion-dollar U.S. market debut and may pave the way for other significant IPOs in the near future, including potential entries from tech giants like OpenAI and Anthropic.
If successful, this sale would position SpaceX as one of the most valuable publicly traded companies globally, making it the second entity within Elon Musk’s business empire to exceed $1 trillion in market value. The IPO confirmation aligns with recent reports from Reuters.
Founded in 2002, SpaceX has become the leading space enterprise worldwide by deploying numerous Starlink internet satellites. While its reputation was built on rocket construction and satellite launches, the bulk of its $18.67 billion revenue last year stemmed from the Starlink satellite internet division. The company’s future growth prospects are heavily reliant on AI-related ventures, with its xAI unit currently operating at a loss.
With a potential valuation of $1.75 trillion, this IPO could set a new record and position its founder on a trajectory to become the first trillionaire in history. The regulatory disclosure coincides with a critical period for SpaceX as it readies for a test flight of its next-generation Starship rocket, pivotal for Musk’s lunar and Mars missions, as well as expanding the Starlink satellite internet network. The test launch, initially planned for Tuesday, is now expected later this week.
The company’s board has granted Musk significant control, linking a substantial portion of his compensation to ambitious goals such as establishing a permanent human settlement on Mars and constructing space data centers with immense computing capabilities. Musk is slated to retain 85.1% of the combined voting power within the company, as indicated in the filing.
SpaceX aims to list its shares as early as June 12, with a roadshow launch scheduled for June 4 and the share sale anticipated around June 11, according to Reuters’ recent report.