SpaceX released its IPO filing, positioning the company for a potential first trillion-dollar U.S. market debut. The listing could make SpaceX one of the world’s most valuable publicly traded companies and the second business in Elon Musk’s empire to exceed $1 trillion in market value. SpaceX has become the largest space business since 2002 by launching thousands of Starlink internet satellites. Reusable rockets have changed space economics and pressured competitors to catch up. Most of the company’s $18.67 billion revenue last year came from Starlink, while future growth depends on AI-related businesses. The xAI unit is still losing money. A successful sale could value SpaceX at $1.75 trillion and support Musk’s path toward becoming the first trillionaire.
"SpaceX took the wraps off its IPO filing on Wednesday, opening the books of the company that has already revolutionized rocket technology, with even larger ambitions to colonize Mars and build AI data centres in space. The listing is poised to become the first trillion-dollar U.S. market debut and could set the stage for a number of monumental IPOs in coming months, among them potentially technology giants OpenAI and Anthropic."
"SpaceX has grown into the world's largest space business since its founding in 2002 by launching thousands of Starlink internet satellites. Its pioneering use of reusable rockets has transformed the economics of space, forcing competitors like Jeff Bezos' Blue Origin to play catch-up. Starlink provided bulk of revenue last year While SpaceX made its name by building rockets and launching satellites into space, most of its $18.67 billion US in revenue last year came from its Starlink satellite internet business and much of its future growth hinges on artificial intelligence-related businesses."
"A successful sale could value the company at a record-setting $1.75 trillion US, which would put its founder on track to become the first trillionaire in history. The company's regulatory disclosure comes during a critical week for the rocket maker, which is preparing to launch a test flight of its next-generation Starship rocket."
Read at www.cbc.ca
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