SpaceX has officially filed for an initial public offering (IPO) in the US, setting the stage for what could become the largest stock market debut in Wall Street history. The company is expected to trade under the ticker symbol “SPCX” as early as next month.
The listing could also push Elon Musk into uncharted financial territory. With SpaceX reportedly valued at around $1.25 trillion, Musk’s majority stake may help lift his net worth beyond $1 trillion, potentially making him the world’s first trillionaire.
Known for its rocket launches and Starlink satellite internet business, SpaceX also owns Musk’s AI venture xAI. The IPO filing revealed the company generated billions in annual revenue but continues to post heavy losses as it invests aggressively in space exploration and infrastructure.
The prospectus highlights Musk’s long-term goal of building technology capable of supporting human settlements on Mars, with parts of his compensation reportedly tied to future interplanetary milestones.
The announcement triggered intense discussion on X, with users debating whether investors are buying into a revolutionary company or Musk’s ambitious vision for the future. More details about the IPO are expected before the company goes public in June.