SpaceX reveals plans for what could be the biggest-ever initial public offering
Summary
SpaceX plans to sell shares to the public in one of the largest stock sales ever for a space company, despite losing billions of dollars last year. The money raised will help fund space projects like missions to the moon and Mars, while keeping Elon Musk in control of the company.Key Facts
- SpaceX lost $2.6 billion in 2025 but had $18.7 billion in revenue.
- The initial public offering (IPO) could raise about $75 billion.
- This IPO might be the biggest ever, surpassing Saudi Aramco’s past IPO.
- Funds will support space exploration projects aimed at sending people to the moon and Mars.
- SpaceX aims to help humans become an intergalactic species and avoid extinction like the dinosaurs.
- Elon Musk and some shareholders will get special stock with 10 votes per share.
- These shares will allow Musk and others to control most of the company’s board of directors.
- Musk could become the world’s first trillionaire from this offering.
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