SpaceX Targets Largest IPO In Market History

The world’s most valuable private company, led by the richest person on the planet, is now moving toward what could be the biggest stock listing in history. We’re talking about SpaceX, founded and headed by Elon Musk. The company has outlined plans this week to enter public markets in the US, which would allow its shares to be traded on the stock exchange.

A successful deal could push the company’s valuation to nearly $1.75 trillion, a level never seen before for a private firm. It would also place Elon Musk in line to potentially become the world’s first trillionaire. Since its launch in 2002, SpaceX has grown into the biggest name in the space industry, largely driven by the deployment of thousands of Starlink satellites. A major share of its $18.67 billion revenue last year came from this satellite network, which powers broadband services for households, governments, and businesses around the world.

The company’s latest IPO filing offers a closer look at how SpaceX operates and how its business has been performing financially. SpaceX generated about $18.6 billion in revenue last year, though the company still ended the year with a loss of nearly $4.9 billion. In the first quarter of this year, sales stood at $4.7 billion, while losses came in at around $4.3 billion. More than $500 million in possible legal costs were also highlighted by SpaceX, tied to several claims the company is currently dealing with.

The filings show that control of SpaceX remains heavily concentrated with Elon Musk. He held roughly 85% of the voting power as of May 1, putting him firmly in charge of the company’s direction and making it extremely difficult for outside shareholders to remove him as CEO. Most of Elon Musk’s earnings from SpaceX are tied to stock awards rather than salary. The company has linked these payouts to ambitious targets such as building a large human presence on Mars and reaching massive valuation milestones. Musk also recently secured another major compensation package at Tesla tied to long-term growth goals.

The IPO, expected to take place next month, will also show how investors currently view Elon Musk after years of political controversies and public criticism surrounding him. His other company, Tesla, has also been facing a difficult phase, with slowing revenue growth, higher costs and limited new product launches.

Experts say the IPO could become one of the most closely watched market debuts in years, giving investors a chance to back Elon Musk’s long-term plans across space technology, AI and robotics. But they also point out that the company’s massive valuation leaves little room for mistakes, making the risks just as significant as the opportunity.