SpaceX prepares for record-breaking $75 billion IPO and could be worth $1,77 trillion.

A SpaceX, space company of Elon Musk[Company Name] has taken another step toward going public in the United States in a move that could go down in Wall Street history. According to [source/source], CNN and a preliminary prospectus sent to SECThe company intends to raise approximately US $ 75 billion in an initial public offering of shares, with an estimated valuation of approximately US $ 1,77 trillion.

What SpaceX put in the prospectus

SpaceX's S-1/A filing indicates that the company plans to offer 555.555.555 Class A sharesat the expected price of $135 per shareThe multiplication of these numbers results in approximately US $ 75 billionThis would place the operation above major launches already seen in the global market.

The company requested listing on Nasdaq and Nasdaq Texas under the ticker SPCXFor now, the prospectus is still preliminary: the documentation itself notes that the information may change and that the shares can only be sold after the registration is declared effective by the SEC.

In practice, going public would transform one of the world's most valuable private companies into a publicly traded company. In addition to the Falcon rockets, the Starship spacecraft, and government contracts, the document highlights the expansion of... Starlink and the company's growing presence in infrastructure artificial intelligence.

Will Musk remain in control?

Yes. Even after the IPO, Elon Musk is expected to retain broad control over the company. The prospectus states that he would retain approximately... 82,4% of voting power SpaceX's performance after the offering, primarily due to the Class B shares, which give... 10 votes per share, while Class A shares give one vote.

This designation would make SpaceX a "controlled company" under Nasdaq rules. In simpler terms, it means Musk would still be able to directly influence important decisions, such as board elections and other matters requiring shareholder approval.

The structure is similar to that adopted by other technology companies where founders retain decision-making power even after the company's IPO. For investors, the positive aspect is the continuity of the strategy; the risk is having less influence over the company's governance.

From rockets to AI: the new SpaceX

The prospectus shows a much broader SpaceX than the company known solely for space launches. The company says it operates a global low-latency broadband network with approximately... 9.600 Starlink satellites in low orbit and presence in 164 countries, territories and markets until March 31, 2026.

Another point that draws attention is the integration with AI businesses linked to Musk's ecosystem. The document mentions the acquisition of... XAI and X Holdings in transactions between entities under common control, as well as large-scale computing projects and AI platforms. This helps explain why the proposed valuation is closer to that of a tech giant than a traditional aerospace company.

CNN notes that the potential debut comes at a time of heightened market appetite for AI-related companies. This same trend has fueled private funding rounds and IPO plans for other companies in the sector, even as many are still trying to prove a clear path to consistent profitability.

The financial figures

SpaceX reported US$18,67 billion in revenue in 2025, above the US $ 14,01 billion registered in 2024 and of US $ 10,39 billion of 2023. Despite the growth, the company also reported net loss of US$4,94 billion in 2025, after a profit of US$791 million in 2024 and a loss of US$4,63 billion in 2023.

In the first quarter of 2026, revenue was... US $ 4,69 billion, but the net loss reached US $ 4,28 billionThis reinforces the idea that the investment thesis depends on accelerated growth, scalability in connectivity, space contracts, AI, and the execution of expensive projects such as Starship, Starlink, and computing infrastructure.

Why does it matter

If confirmed in its current form, SpaceX's IPO would be a landmark for the private space market and for Elon Musk's corporate empire. The operation could also create a new benchmark for companies that combine advanced hardware, satellite internet services, government contracts, and AI.

For the public, the IPO also brings a symbolic change: SpaceX would cease to be an investment restricted to private investors and would have shares accessible on the open market. However, since this is a preliminary prospectus, the price, timeline, and final terms may change before the debut.

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Sources: SEC e CNN.