SpaceX unveiled its IPO filing on Wednesday, revealing the inner workings of the company that has transformed rocket technology and aspires to establish a presence on Mars while creating AI data centers in space. This IPO is anticipated to mark the first trillion-dollar U.S. market debut, potentially setting the stage for other significant IPOs in the near future, including technology giants like OpenAI and Anthropic.
The IPO would solidify SpaceX’s position as one of the most valuable publicly traded companies globally, making it the second entity within Elon Musk’s business empire to surpass $1 trillion in market value. The filing affirms recent reports by Reuters regarding the IPO.
Since its inception in 2002, SpaceX has become the leading space enterprise by deploying thousands of Starlink internet satellites. While renowned for its rocket manufacturing and satellite launches, the majority of SpaceX’s $18.67 billion revenue in the past year stemmed from its Starlink satellite internet business. The company’s future growth prospects heavily rely on AI-related ventures, although its xAI division is currently operating at a loss.
If the sale proves successful, SpaceX could be valued at an unprecedented $1.75 trillion, potentially making its founder the first trillionaire in history. The company’s recent regulatory disclosure coincides with a crucial period as it prepares for a test flight of the next-generation Starship rocket, crucial for Musk’s lunar and Mars missions, as well as the expansion of the Starlink satellite internet enterprise.
Originally scheduled for Tuesday, the test launch is now anticipated to occur later this week. Musk’s compensation is tied to ambitious objectives, such as establishing a permanent human settlement on Mars and constructing space data centers with computing power equivalent to 100 terawatts. Musk retains 85.1% of the combined voting power of the company, as per the filing.
SpaceX aims to list its shares as early as June 12, with a roadshow launch planned for June 4 and the share sale expected by June 11, according to Reuters’ previous report.
