SpaceX unveiled its IPO filing on Wednesday, exposing the financial details of the company known for its groundbreaking advancements in rocket technology and ambitious plans to establish a presence on Mars and develop AI data centers in space.
This anticipated listing is positioned to be the first trillion-dollar market debut in the U.S., potentially paving the way for other significant IPOs in the near future, including tech giants like OpenAI and Anthropic.
The IPO is expected to solidify SpaceX’s position as one of the world’s most valuable publicly traded companies, becoming the second entity within Elon Musk’s business empire to exceed a $1 trillion market value.
The revealed filing confirms information previously reported by Reuters, highlighting SpaceX’s evolution into the leading space enterprise globally since its inception in 2002. The company’s revenue primarily stemmed from its Starlink satellite internet business, contributing to a total of $18.67 billion in revenue last year. Additionally, SpaceX’s future growth prospects heavily rely on AI-related ventures, with the xAI division still operating at a loss.
A successful IPO could value SpaceX at an unprecedented $1.75 trillion, potentially propelling its founder towards becoming the world’s first trillionaire. The disclosure coincides with a crucial period for SpaceX as it prepares for a test flight of its next-generation Starship rocket, a pivotal element for Musk’s lunar and Mars mission plans and the expansion of the Starlink internet service.
Originally scheduled for Tuesday, the test launch is now anticipated later in the week. Musk’s control over the company remains significant, with the board granting him 85.1% of the combined voting power, while his compensation is closely tied to ambitious objectives such as establishing a human colony on Mars and constructing space data centers with immense computing capabilities.
SpaceX aims to list its shares by June 12, with a planned roadshow launch on June 4 and the share sale expected as early as June 11, according to a recent Reuters report.