By Andrew Thorpe

Topic: Company News

Thursday, May 21, 2026, at 5:28 pm

SpaceX's Super Heavy rocket is in Texas.

In short:

Elon Musk's SpaceX is going public. It was valued at $1.25 trillion. Musk could become the world's first trillionaire.

This could happen less than a year after Musk became the first person to have $500 billion.

What's next?

SpaceX wants to raise $80 billion. It will go public in June if the SEC agrees.

SpaceX filed for its initial public offering. This could make Elon Musk the world's first trillionaire.

SpaceX is worth $1.25 trillion. It will be the 12th-largest public company.

The IPO filing does not say what percentage of the company will be sold.

This will be the largest stock market debut in history.

Elon Musk's SpaceX IPO could make him the world's first trillionaire.

Musk will keep 42% of SpaceX after the IPO. He will have more than 85% of the voting power.

If the IPO raises $80 billion, Musk's share will be worth over $600 billion.

Musk became the first person to have $500 billion in October last year.

The SEC must make sure the company's prospectus is accurate.

SpaceX wants to list on the Nasdaq with the ticker SPCX.

First insights into SpaceX financials

The prospectus gives a detailed look into SpaceX's financial situation.

SpaceX lost $4.3 billion in the first quarter of this year.

SpaceX launched replacements at NASA's request.

Starlink brings in most of SpaceX's revenue. It made $3.2 billion in the first quarter.

xAI lost $6.4 billion in 2025. It is a drag on the balance sheet.

AI is important for SpaceX's mission.

SpaceX has US government contracts for defence and space exploration.

The company's goals don't stop at a massive valuation.

SpaceX wants to launch 10,000 satellites a year.

The FAA needs to see SpaceX demonstrate reliability.

Investors to weigh risk of Musk involvement

It's not clear if investors will like the SpaceX IPO.

SpaceX has government contracts and proven technology.

Tesla sales have declined globally.

Musk will retain most of the voting power.

Tesla sales slumped in 2025.

Musk has been involved in scandals.

Musk has supported far-right causes.

X Corp was fined $650,000.

Thursday, May 21, 2026, at 5:28 pm

Thursday, May 21, 2026, at 5:55 pm

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