Elon Musk eyes record-breaking Wall Street debut with SpaceX IPO
Summary
Elon Musk’s SpaceX has filed for an initial public offering (IPO) that could raise up to $75 billion, valuing the company at $1.75 trillion. The filing reveals SpaceX’s financial details for the first time and shows Musk will keep control as CEO, CTO, and chairman after going public.Key Facts
- SpaceX seeks to raise $75 billion in its IPO, potentially the largest in history.
- The company could be valued at $1.75 trillion after going public.
- SpaceX generated $18.7 billion in revenue in 2025 but had a $2.6 billion operating loss.
- The Starlink satellite internet division earned $11.4 billion in 2025, growing nearly 50% year-over-year.
- SpaceX’s AI businesses, including xAI and the social media site X, made $3.2 billion but lost $6.4 billion operating.
- The company invested heavily in AI data centers, spending $12.7 billion in 2025 and $7.7 billion in the first quarter of 2026.
- SpaceX will keep a dual-class share structure letting Musk control about 85% of voting power with 42% equity ownership.
- SpaceX plans to build data centers in space using solar energy to meet AI computing power needs.
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