SpaceX has released its IPO filing, describing ambitions to colonise Mars and build AI data centres in space. A successful sale could value the company at a record-setting $1.75 trillion, potentially making its founder the first trillionaire. The listing could also set up other large IPOs, including potential technology giants such as OpenAI and Anthropic. SpaceX would become one of the world’s most valuable publicly traded companies, following Tesla as the second Musk business to exceed $1 trillion in market value. The company has grown into the largest space business by launching thousands of Starlink satellites, generating most of its $18.67bn revenue from its satellite broadband network. Reusable rockets have lowered launch costs and pressured competitors. Future growth depends partly on AI-related businesses, while xAI is still losing money. The filing arrives as SpaceX prepares a test flight of its next-generation Starship rocket.
"A successful sale could value the company at a record-setting $1.75 trillion, which would put its founder on track to become the first trillionaire in history, validating years of defying accepted logic through the development of rockets that can land and be flown again. The listing, unveiled on Wednesday, could set the stage for a number of monumental IPOs in the coming months, among them potentially technology giants OpenAI and Anthropic."
"The sale would immediately cement SpaceX as one of the world's most valuable publicly traded companies, the second in Elon Musk's sprawling business empire to surpass $1 trillion in market value, after Tesla. SpaceX has grown into the world's largest space business since its founding in 2002 by launching thousands of Starlink internet satellites. Most of its $18.67bn in revenue last year came from its network of about 10,000 satellites, which offers broadband internet to consumers, governments and enterprise customers."
"Its pioneering use of reusable rockets has transformed the economics of space, forcing competitors like Jeff Bezos's Blue Origin to play catch-up as the race to commercialise space has intensified and private companies compete to slash launch costs, deploy satellite networks and secure government contracts. While much of SpaceX's future growth hinges on artificial intelligence-related businesses, its nascent xAI unit still loses money, according to the filing."
"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. Musk's plans for lunar and Mars missions and to expand its Starlink satell"
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