Elon Musk’s SpaceX is preparing for a potentially record-breaking stock market flotation that could make Musk the world’s first trillionaire, according to reports tied to the company’s upcoming IPO prospectus.
The filing said the fundraising effort is designed to support long-term ambitions including lunar missions, Mars colonisation and advanced space infrastructure projects. Reports suggest SpaceX may seek as much as $75 billion, which would surpass Saudi Aramco’s record-setting IPO in 2019.
SpaceX has revealed its audacious IPO plan that if successful could make Elon Musk a trillionaire https://t.co/OsPzIMiCaU pic.twitter.com/lYrBHgTQvg
— Financial Times (@FT) May 21, 2026
Financial details in the prospectus showed SpaceX generated $18.7 billion in revenue last year but recorded operating losses of $2.6 billion amid heavy spending on artificial intelligence and research projects. Starlink was reportedly the company’s only profitable division during the first quarter.
Reuters reported that the IPO could value SpaceX at around $1.75 trillion. Musk, who would retain majority voting control, has tied future stock rewards to ambitious valuation and technological milestones connected to Mars development.
Market analysts said investor demand is expected to remain strong despite risks surrounding SpaceX’s long-term profitability.
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TIPP Staff
TIPP Staff
TIPP Staff
