Catch up quick: Musk launched SpaceX in 2002 with the goal of one day colonizing Mars
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SpaceX financials are complicated, because of its recent merger with xAI (which itself recently merged with the company formerly known as Twitter).
Key facts
Musk launched SpaceX in 2002 with the goal of one day colonizing Mars — This is expected to be the largest IPO ever, and could make Elon Musk the world's first trillionaire
Look ahead: SpaceX is expected to begin trading in late June on the Nasdaq under the ticker symbol "SPCX
SpaceX on Wednesday disclosed its filing for an initial public offering, ahead of an expected stock market debut next month
Summary
SpaceX on Wednesday disclosed its filing for an initial public offering, ahead of an expected stock market debut next month. This is expected to be the largest IPO ever, and could make Elon Musk the world's first trillionaire. Musk launched SpaceX in 2002 with the goal of one day colonizing Mars. Since then, it has become the world's most successful commercial space company by far and inspired rival efforts by billionaires like Jeff Bezos and Richard Branson. It has also become a major partner to NASA and created the Starlink satellite internet network.