Elon Musk’s SpaceX has announced plans to go public in the United States, opening the door for investors to buy and sell shares of the company on the stock market.
The planned initial public offering, or IPO, could become the largest in Wall Street history. According to the filing, SpaceX may begin trading as soon as next month under the ticker symbol SPCX.
SpaceX is best known for its rocket launches and its Starlink satellite internet service. The company also owns Musk’s artificial intelligence firm xAI, along with X, the social media platform formerly known as Twitter.
IPO Could Greatly Increase Musk’s Fortune
The public listing could significantly increase Musk’s personal wealth. SpaceX has valued itself at around $1.25 trillion, and Musk’s majority stake in the company could be worth more than $600 billion.
Musk is already considered the world’s richest person. Last year, he became the first person to reach a net worth above $500 billion. If the SpaceX IPO performs strongly, his total wealth could rise beyond $1 trillion.
That would make him the first known trillionaire and place SpaceX at the center of one of the most closely watched financial events in modern market history.
Filing Reveals SpaceX’s Financial Position
The IPO documents also give the public a closer look at SpaceX’s finances. Last year, the company reported $18.6 billion in revenue but recorded a net loss of $4.9 billion.
In the first three months of this year, SpaceX generated $4.7 billion in sales while posting a net loss of $4.3 billion.
The company’s balance sheet shows $102 billion in assets, including rockets, equipment, and other infrastructure. However, it also carries around $60.5 billion in debt.
Legal Risks Included in Filing
SpaceX also disclosed that it expects more than half a billion dollars in legal costs linked to several ongoing claims.
Some lawsuits involve allegations connected to Grok, the chatbot developed by xAI. The filing says legal claims have been made over alleged misuse of the chatbot involving harmful deepfake content targeting real people, including minors.
Other cases listed in the IPO documents include patent disputes, claims related to European Union content moderation rules, music copyright allegations, and data breach complaints.
Musk has said he plans to dissolve xAI as a separate company and continue developing his artificial intelligence projects under SpaceX.
SpaceX and AI Ambitions Draw Attention
The filing also revealed details about a major agreement involving Anthropic, the company behind Claude. Anthropic will reportedly pay $15 billion per year to use data centres in the American South connected to Musk’s AI operations, which are now part of SpaceX.
Musk’s AI projects have faced controversy, but SpaceX’s rocket business and Starlink remain powerful parts of the company. Both are widely viewed as leaders in their industries, with strong advantages over many competitors.
The IPO filing comes shortly after Musk lost a legal case against OpenAI and its chief executive, Sam Altman. Musk had accused Altman of shifting OpenAI away from its original nonprofit mission after Musk had supported the organisation financially. A jury rejected the case, saying Musk waited too long to bring the claims.
Starship Launch and Public Scrutiny
SpaceX’s Starship megarocket is expected to launch this week, keeping public attention on the company’s space ambitions.
However, the company has also faced criticism over workplace safety concerns at its facilities. Musk himself has continued to draw political attention because of his right-wing views and close relationship with US President Donald Trump, including a recent trip with Trump to China.
A Major Test for SpaceX and Musk
The planned IPO could become a defining moment for both SpaceX and Elon Musk. For investors, it offers a chance to buy into one of the most famous private companies in the world. For Musk, it could mark the next major leap in his personal fortune.
Still, the filing also shows that SpaceX is not without risks. The company is growing quickly, but it faces heavy debt, legal challenges, large financial losses, and increasing public scrutiny.
Even so, if the IPO succeeds, SpaceX could reshape Wall Street history and push Musk closer to a financial milestone no individual has reached before.