Elon Musk’s space race is entering a new stage, one in which it will be opened to the public and where many people could have a piece of the company and its profits. SpaceXthe company behind the Falcon 9 rockets and the Starlink satellite network, officially submitted its application to go public in the United Statesa movement that causes strong expectation among investors.
This Wednesday, SpaceX presented its Initial Public Offering (IPO) documentation so that The company is listed on the Nasdaq market under the symbol “SPCX”. This request to put its shares up for sale on Wall Avenue could become the largest in history.
The news comes weeks after the company submitted a confidential application to the United States Securities and Exchange Commission (SEC). Although SpaceX still does not reveal how much money hopes to raisedifferent Estimates point to a figure close to $75 billion dollars. Bloomberg even reported that the company’s total valuation would already exceed $2 billion.
SpaceX assured in its presentation that its vision goes far beyond manufacturing rockets.
“Our mission is to build the systems and technologies necessary to make life multiplanetary, understand the true nature of the universe, and extend the light of consciousness to the stars,” the company said in its SEC filing.
The company founded by Elon Musk in 2002 published detailed financial information for the first time. According to the S-1 document filed with the SEC, SpaceX generated revenue of $18.7 billion during 2025. However, it also recorded operating losses of $2.6 billion, due to heavy investments in artificial intelligence, new rockets and advanced space systems.
One of the data that caught the most attention was the financial weight of Starlink. Net satellite business contributed around $11.4 billion in revenue during 2025which represents a growth close to 50% compared to the previous year. Meanwhile, the artificial intelligence division, which includes xAI and platform
“We believe SpaceX’s reusable rockets, scaled satellite manufacturing, and our operational expertise can enable the rapid and cost-effective deployment of massive constellations of satellites for AI computing,” the company said.
According to various statements in the past, The money raised from the IPO could help Musk finance other ambitious projectssuch as setting up data centers in space and possibly sending a person to Mars. However, not everything is optimistic on Wall Avenue.
“The problem is that space data centers are far from guaranteed and are considered by many to be operationally and economically unviable,” Adam Crisafulli, a Wall Avenue financial analyst, said in a note to investors.
Despite the doubts, Analysts consider that this IPO represents a key moment for the technology and space sector..
“This IPO is a significant turning point for the space and technology sector,” said Dan Ives, financial analyst at Wedbush.
The document also confirms that Elon Musk will maintain the company’s adjustment after the IPO. According to the shareholding structure presented, the businessman will retain around 79% of the voting power, although he will own around 42% of the total capital. Additionally, Wedbush suggested that Musk could try to connect his tech companies even more.
“Musk wants to own and control more of the artificial intelligence ecosystem, and the holy grail could be combining SpaceX and Tesla in some way,” the firm’s analysts noted.
Meanwhile, the enthusiasm has already begun to be reflected on Wall Avenue. Space companies such as Intuitive Machines, AST SpaceMobile and Virgin Galactic posted strong profits after hearing the news.
After SpaceX’s IPO, Musk could become the first trillionaire in historyconsolidating his position as the richest person in the world.
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