SpaceX confirms readies for an IPO that could make Elon Musk a trillionaire
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SpaceX confirmed plans to sell shares of its stock to the public for the first time, according to a securities filing Wednesday outlining the company’s fundamentals.
Key facts
SpaceX made $18.6 billion in revenue in 2025, an increase of 33% from a year earlier
SpaceX would be among the top 10 most valuable companies in the world by market capitalization if the company succeeds at its goal of a $2 trillion valuation
The service currently has 10.3 million subscribers, the Wednesday filing showed, up from 5 million a year earlier
Following the IPO, SpaceX says Musk will hold 85% voting control over the company and be its CEO, chairman and chief technology officer
Summary
The initial public offering could make CEO Elon Musk the world’s first trillionaire, a milestone that underscores the extraordinary wealth the tech industry has amassed over three decades. SpaceX’s IPO is expected to draw wide investor interest because of the company’s success in rockets and satellite-based internet, two areas where SpaceX has a wide lead over potential competitors. It would likely be the biggest IPO ever, surpassing the debut of Saudi Aramco. Wednesday’s filing does not specify how much the company aims to raise in the offering.