SpaceX is preparing for the largest initial public offering in history, according to an S1 filing with US regulators. The company plans to raise approximately $75 billion from new investors, valuing the firm at up to $1.75 trillion.

Elon Musk, who owns an estimated 42% of SpaceX, would see his stake worth roughly $735 billion at the targeted valuation. Combined with his holdings in Tesla, xAI, and other ventures, Musk's total net worth could surpass $1 trillion, making him the first trillionaire ever.

SpaceX's ultimate goal is to secure humanity's future beyond Earth, including building self-sustaining cities on Mars using the Starship spacecraft. Uncrewed missions are planned by 2030, followed by crewed voyages. The company also envisions lunar habitats, factories, and asteroid mining.

To address AI's energy demands, SpaceX proposes placing giant supercomputers in orbit, leveraging unlimited solar power and free space cooling for cheaper AI training.

The IPO will create enormous wealth for early backers: SpaceX President Gwynne Shotwell and CFO Bret Johnsen would see shares exceed $1 billion, while investor Antonio Gracias could gain $70 billion. Goldman Sachs is the lead underwriter.

A $75 billion raise would nearly triple Saudi Aramco's 2019 record of $29.4 billion. A $1.75 trillion valuation would place SpaceX among the world's top 10 public companies, alongside Nvidia, Apple, and Microsoft.

However, SpaceX remains deeply unprofitable, reporting a $4.94 billion net loss in 2025 due to heavy investments. The filing warns of space-related risks including radiation, micrometeoroids, orbital debris, and human injury or death. Some analysts question whether the valuation is overly optimistic.

Source: www.dw.com