Musk eyes Wall Street record with SpaceX IPO
SpaceX has filed for an initial public offering (IPO) that could raise up to $75 billion, potentially making it the largest IPO in history. The company disclosed its financials for the first time, revealing significant revenue from its Starlink satellite business and substantial investments in artificial intelligence. Elon Musk will maintain control of the company post-IPO, with plans to expand into space-based data centers by 2028.
- ▪SpaceX is seeking to raise up to $75 billion in its upcoming IPO, which could be the largest in history.
- ▪The company reported $18.7 billion in revenue for 2025, with $11.4 billion coming from its Starlink business.
- ▪Elon Musk will control approximately 79% of voting power after the IPO, raising concerns for outside investors.
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A bust of Elon Musk, as SpaceX prepares to file for an initial public offering (IPO), in Brownsville, Texas, March 31, 2026. GABRIEL V. CARDENAS / REUTERS Elon Musk's SpaceX rocketed toward Wall Street on Wednesday, May 20, filing plans for what could become the largest initial public offering in history as the company reportedly seeks to raise up to $75 billion on the public markets. If successful, the listing of the rocket and satellite giant would dwarf any IPO in history and cement Musk's status as one of the most consequential entrepreneurs of his generation. US media reports say SpaceX is hoping to raise $75 billion and win a valuation of as much as $1.75 trillion when it begins trading as early as next month.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Le Monde (EN).
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