SpaceX IPO Filing: Elon Musk, AI, and Starship Plans
SpaceX, the aerospace company founded by Elon Musk 24 years ago, has finally announced its IPO filing. Even after going public, Musk will remain at the center as CEO, CTO, and Chairman of the Board. Documents released after markets closed on Wednesday show that SpaceX is no longer just a manufacturer of reusable rockets, but a major technology conglomerate involved in artificial intelligence and satellites. This is reported by Techcrunch.com .
The company is expected to debut on the Nasdaq exchange under the ticker "SPCX" later this year. It is projected to be the largest IPO in history: the company aims to raise $75 billion, with a potential valuation of $1.75 trillion. Currently, NVIDIA holds the title of the world's most valuable public company with a market capitalization of $5.4 trillion.
The S-1 filing also revealed the financial state of SpaceX's business. Although the company generated over $18 billion in revenue in 2025, it reported a loss of $4.9 billion. More than half of the revenue (approximately $11 billion) was provided by the Starlink satellite internet service. Additionally, xAI, founded by Elon Musk and recently integrated into SpaceX, requires significant expenditures. In 2025, SpaceX directed 60% of its capital expenditures (approximately $20 billion) specifically to its AI division.
SpaceX is pinning its future on the success of the Starship heavy-lift rocket. The company plans to use this rocket to deliver cargo to orbit and launch Starlink satellites starting in the second half of 2026. The filing also mentions the largest market opportunity in human history—a potential of $28.5 trillion, with $22.7 trillion attributed specifically to corporate AI applications.
