SpaceX is preparing for an IPO after staying private for 24 years, filing an S1 with US regulators. The company plans to raise about $75 billion from new investors, valuing it at up to $1.75 trillion, while remaining loss-making and keeping Musk in effective control. SpaceX aims to build infrastructure for human life beyond Earth, targeting self-sustaining cities on Mars for up to a million people. Starship is planned to make uncrewed voyages by 2030, with initial missions testing landing systems and starting basic infrastructure, followed by crewed flights later. SpaceX also plans to mine asteroids for materials like platinum, nickel, gold, and ice, using near-zero gravity to reduce landing and extraction costs.
"SpaceX plans to raise roughly $75 billion (64.5 billion) from new investors, which would value the company at up to $1.75 trillion. Not bad for a firm that is still loss-making and which Musk already the world's richest man will effectively still control. SpaceX believes a million people could live on Mars in the futureImage: Steve Nesius/REUTERS"
"The ultimate goal, Musk has said, is to create self-sustaining cities on Mars that could be home to up to a million people. To achieve that, SpaceX plans to use Starship its giant reusable spacecraft its giant reusable spacecraft to make the first uncrewed voyages by 2030. The one-way journey to the Red Planet covers about 140 million miles on average and takes roughly six to nine months."
"The initial missions will test landing systems and begin setting up basic infrastructure, with crewed voyages to follow a few years later. SpaceX also wants to use resources on celestial bodies much closer to Earth to support humanity's multi-planetary expansion. Musk believes that asteroids, which fly through space on shifting orbits, could one day be mined."
"The near-zero gravity on asteroids makes it far easier and cheaper to land on them and extract materials. However, large-scale asteroid mining of platinum, nickel, gold and ice (water) all vital for supporting life, building habitats and producin"
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