By ReutersPublished On 20 May 202620 May 2026SpaceX has taken off the wraps off its IPO filing, opening the books of the company that has already revolutionised rocket technology, with even larger ambitions to colonise Mars and build AI data centres in space.A successful sale could value the company at a record-setting $1.75 trillion, which would put its founder on track to become the first trillionaire in history, validating years of defying accepted logic through the development of rockets that can land and be flown again.Recommended Stories list of 4 itemsend of listThe listing, unveiled on Wednesday, could set the stage for a number of monumental IPOs in the coming months, among them potentially technology giants OpenAI and Anthropic. The sale would immediately cement SpaceX as one of the world’s most valuable publicly traded companies, the second in Elon Musk’s sprawling business empire to surpass $1 trillion in market value, after Tesla.SpaceX has grown into the world’s largest space business since its founding in 2002 by launching thousands of Starlink internet satellites. Most of its $18.67bn in revenue last year came from its network of about 10,000 satellites, which offers broadband internet to consumers, governments and enterprise customers.Its pioneering use of reusable rockets has transformed the economics of space, forcing competitors like Jeff Bezos’s Blue Origin to play catch-up as the race to commercialise space has intensified and private companies compete to slash launch costs, deploy satellite networks and secure government contracts.While much of SpaceX’s future growth hinges on artificial intelligence-related businesses, its nascent xAI unit still loses money, according to the filing. Advertisement The company’s regul …
