1 / 101. The IPO That Could Break Records | SpaceX is reportedly preparing to raise between $40 billion and $80 billion through its IPO. The company is expected to be valued between $1.75 trillion and $2 trillion, which could make it the biggest market debut Wall Street has ever seen. The expected ticker symbol is SPCX, with a planned listing on the Nasdaq exchange. Investor roadshows are expected to begin on June 4, while trading could start on June 12. If the valuation holds, SpaceX could surpass the record set by Saudi Aramco, whose 2019 IPO raised nearly $30 billion at a valuation of around $1.7 trillion. (Image: Reuters)
2 / 102. How SpaceX Changed The Space Industry | SpaceX began in 2002 with one main idea — making rockets reusable to reduce the cost of reaching space. Over the years, the company developed launch systems that can return to Earth and fly again, helping cut mission costs for satellites, astronauts and cargo. Today, SpaceX is widely seen as the world’s leading private space company. (Image: Reuters)
3 / 103. What SpaceX Does Today | SpaceX now operates across multiple businesses. The company builds and launches reusable rockets, carries astronauts and cargo for NASA, and expands AI and computing projects through xAI. It also owns X, formerly known as Twitter. (Image: Reuters)
4 / 104. Why Starlink Is The Real Money Machine | Rocket launches made SpaceX famous, but Starlink may now be its biggest business. The satellite internet service reportedly has more than 10 million subscribers worldwide, with around 69% of quarterly revenue linked to Starlink operations. Around 10,000 satellites are already part of the Starlink network. The service is used across remote regions, ships, aircraft and disaster-hit zones. Unlike rocket launches, internet subscriptions generate recurring monthly income, making Starlink central to SpaceX’s future growth plans. (Image: Reuters)
5 / 105. SpaceX Revenue: The Billions Coming In — And Going Out | SpaceX is generating billions in revenue, but it is also spending aggressively to expand its business. In 2025, the company reportedly earned $18.6 billion in revenue while posting losses of $4.9 billion, with capital spending crossing $20 billion. Much of the investment has gone into Starlink satellites, launch infrastructure, AI projects and Mars-related development. The spending has continued into 2026. In the first three months alone, SpaceX reportedly generated $4.7 billion in revenue while recording losses of $4.3 billion. (Image: Reuters)
6 / 106. SpaceX’s Assets And Debt Are Massive | IPO filings reportedly show the scale of the company’s operations, with total assets estimated at $102 billion and debt standing at around $60.5 billion. Its assets include rockets, launch facilities, satellites, manufacturing systems and computing infrastructure. Despite the losses and rising debt, many investors still view SpaceX as a leader in both rocket launches and satellite internet. (Image: Reuters)
7 / 107. Why Elon Musk Could Become The First Trillionaire | Musk already ranks among the world’s richest people. His reported 43% stake in SpaceX could alone be worth more than $600 billion after the listing. Reports also suggest Musk may continue controlling over 85% of the company’s voting power even after the IPO. Combined with his holdings in Tesla, X and other ventures, analysts believe his personal fortune could eventually cross the $1 trillion mark. (Image: Reuters)
8 / 108. Mars Plans Are Part of Musk’s Bonus Targets | One of the more unusual details in the filing involves Musk’s future compensation. According to the filing, Musk becomes eligible for a major bonus package only if SpaceX helps move one million people to Mars in the future. The filing also reportedly mentions additional rewards tied to orbital data centres and large-scale AI computing systems. (Image: Reuters)
9 / 109. SpaceX Legal and Regulatory Challenges | The IPO filing also highlights a growing list of lawsuits and regulatory issues facing the company. SpaceX reportedly expects legal costs to cross $500 million. The disputes include claims involving AI-generated deepfakes linked to Grok, patent infringement cases, EU content moderation complaints, music copyright disputes, and data breach allegations. The company says these legal challenges could continue for years and may affect future finances. (Image: Reuters)
10 / 1010. Why This IPO Matters Beyond Wall Street | Supporters see the SpaceX listing as a major step for private space companies, satellite internet and the future of commercial space travel. Critics, however, argue it raises concerns about how much influence one company and one billionaire could hold over technology, communications and space infrastructure. Either way, the SpaceX IPO is expected to become one of the most closely watched market debuts in recent history. (Image: Reuters)
