New details revealed in SpaceX IPO that could make Elon Musk a trillionaire
SpaceX's IPO filing has unveiled details that could position Elon Musk as the world's first trillionaire. The company is set to go public on Nasdaq with an expected valuation of around $1.5 trillion, making it the largest IPO in history. Despite its ambitious plans, SpaceX has reported significant financial losses in recent years, raising questions about its profitability.
- ▪SpaceX filed paperwork to go public on Nasdaq under the ticker SPCX with an expected valuation of $1.5 trillion.
- ▪The company reported a loss of $4.9 billion last year on revenue of $18.7 billion, with losses widening in 2026.
- ▪Elon Musk controls 85% of SpaceX's voting power and has a net worth of $807.5 billion.
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Business New details revealed in SpaceX IPO that could make Elon Musk a trillionaire By Taylor Herzlich Published May 21, 2026, 1:42 p.m. ET See more of our coverage in your search results. Add The New York Post on Google SpaceX’s IPO filing has revealed details into Elon Musk’s tight grip on his business empire, its multi-billion-dollar losses and the stock market debut that could crown him the world’s first trillionaire. The Texas-based company filed paperwork Wednesday to go public on Nasdaq next month under the ticker SPCX at an expected valuation around $1.5 trillion, which would make it the largest IPO in history. SpaceX’s sprawling businesses include artificial intelligence company xAI, satellite-internet business Starlink and social media platform X.
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