SpaceX has announced plans for a public listing in the United States. The move could allow investors to buy shares in the company for the first time.
The firm is owned by billionaire Elon Musk, who is already the world’s richest person and also leads Tesla.
The planned initial public offering (IPO) could be one of the largest in Wall Street history. Reports suggest it may begin next month under the ticker symbol “SPCX”.
SpaceX has reportedly valued itself at about $1.25 trillion. Musk’s large ownership stake could make his share worth more than $600 billion.
If the listing succeeds at that valuation, it could push Musk’s total net worth beyond $1 trillion.
SpaceX reported $18.6 billion in revenue last year. However, it also posted a net loss of $4.9 billion.
In the first quarter of this year, it recorded $4.7 billion in sales and a net loss of $4.3 billion.
The company holds about $102 billion in assets, including rockets and equipment. It also carries $60.5 billion in debt.
SpaceX builds rockets and operates the Starlink satellite internet service. It is also linked to Musk’s AI company xAI.
The IPO filing highlights potential legal costs of more than $500 million. These include lawsuits linked to intellectual property, data breaches, and content moderation issues.
The company also faces claims tied to AI-generated content and other regulatory concerns.
Despite the losses, investors view SpaceX and Starlink as leaders in the aerospace and satellite internet sectors. Analysts say both businesses remain ahead of competitors in their fields.
The filing comes amid ongoing legal and industry disputes involving Musk’s AI ventures and competition with firms such as OpenAI.
SpaceX has not yet confirmed the final timing of the IPO.
