Elon Musk’s SpaceX unveils filing for blockbuster IPO
SpaceX has filed for an initial public offering (IPO) that could become the first trillion-dollar market debut in the U.S. The company, founded by Elon Musk, has transformed the space industry and is heavily reliant on its Starlink satellite internet business for revenue. A successful IPO could value SpaceX at $1.75 trillion, potentially making Musk the first trillionaire in history.
- ▪SpaceX's IPO filing reveals ambitions to colonize Mars and build AI data centers in space.
- ▪The company generated $18.67 billion in revenue last year, primarily from its Starlink internet service.
- ▪A successful IPO could make SpaceX one of the world's most valuable publicly traded companies.
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Open this photo in gallery:The SpaceX Starship spacecraft rolls past the production facility in Starbase, Tex. on Tuesday. SpaceX’s revenue is driven by Starlink, the world’s largest satellite operator.Steve Nesius/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountSpaceX 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.
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