SpaceX has filed for an initial public offering (IPO) that could value the company at $1.75 trillion, potentially making Elon Musk the world’s first trillionaire. The IPO is expected to be the largest in history, surpassing previous record-holding debuts like Saudi Aramco and Facebook. The prospectus outlines SpaceX’s ambitious goals, including its mission to colonize Mars, while also revealing a $5 billion loss in the previous year .
The IPO will encompass SpaceX’s diverse ventures, including its rocket launch operations, Starlink satellite broadband, xAI (Musk’s AI startup), and the social media platform X (formerly Twitter). Musk is expected to retain significant control over the company, limiting shareholder influence .
The filing highlights SpaceX’s Starship program, which recently completed its 12th test flight, as a key driver of future growth. However, the company’s financial losses and high-risk ventures, such as Mars colonization, have raised concerns among investors . Musk’s long-term vision includes establishing a self-sustaining city on Mars, a goal reiterated in a 200,000-word manifesto detailing his planetary ambitions .
Goldman Sachs has taken a leading role in the IPO, overshadowing Morgan Stanley’s Michael Grimes, who previously advised Musk but lost influence amid a stint in the Trump administration . The IPO is expected to trigger a Wall Street trading frenzy, with passive investors reallocating billions to accommodate the new stock . Analysts warn that while the IPO presents a historic opportunity, investors should remain cautious due to SpaceX’s high-risk, high-reward business model .
> Background: **SpaceX files for 1.75T IPO, targeting June 2026 despite heavy losses.** — *9 hours ago*