Elon Musk's SpaceX files paperwork for what's likely to be the biggest IPO in history

SpaceX, owned by Elon Musk, has filed financial documents with U.S. regulators to launch an initial public offering (IPO) in mid-June 2026, potentially raising around $80 billion—the largest IPO in history. If successful, the company’s valuation could exceed $1 trillion, surpassing even Tesla and making SpaceX one of the most valuable firms globally. Musk, who controls 85% of voting power, could become the world’s first trillionaire through the offering. The IPO follows months of anticipation, with SpaceX previously filing confidential paperwork in April 2026. The move aligns with a broader tech boom, as Wall Street also expects listings from AI firms like OpenAI and Anthropic. SpaceX’s core businesses—rocket launches, Starlink satellite internet, and AI—drive its ambitions, including orbital data centers, moon bases, and Mars colonization. Financial disclosures reveal heavy spending: xAI, SpaceX’s AI division, doubled capital expenditures to $12.7 billion in 2025, while Starship development cost $3 billion. In Q1 2026, SpaceX reported a $4.3 billion net loss on $4.7 billion in revenue, with only Starlink profitable ($1.2 billion). Rocket launches and AI operations incurred losses of $662 million and nearly $2.5 billion, respectively. The IPO could reshape SpaceX’s future, offering public investors access to a company at the forefront of space and AI innovation. However, its financial strain—despite Starlink’s growth—raises questions about sustainability as it pursues high-risk, long-term projects. Musk’s influence remains unmatched, with his voting control ensuring strategic direction amid rapid expansion.