SpaceX files IPO that could push Elon Musk into trillionaire territory
SpaceX has filed paperwork with US regulators for a long-anticipated public listing that bankers expect will become Wall Street's largest debut ever. The document reveals about $5.5 billion in losses but also Musk's tight founder grip and growing Starlink revenue. A listing near current valuations would lift Musk's net worth into trillionaire range.
SpaceX submitted its S-1 filing to the US Securities and Exchange Commission late on Tuesday, formally opening the path to what bankers expect will be the largest public listing in American history. The filing values existing private-market trades near $500 billion and outlines the company's revenue mix across Starlink satellite internet, Falcon rocket launches, and government contracting.
According to the BBC's review of the document, SpaceX reported losses of about $5.5 billion across the trailing 12 months, with most red ink tied to Starship development spending and Starlink build-out. Musk retains a controlling super-voting share class that critics say sharply limits future investor influence over strategy. Goldman Sachs is leading the syndicate alongside JPMorgan and Morgan Stanley, sources told CNBC.
If SpaceX prices anywhere near its current secondary-market valuation, Musk's personal stake would lift his paper net worth into trillionaire range, a milestone no individual has reached. Analysts also expect a knock-on effect on Tesla shares as investors reweight Musk's empire. A timeline for the roadshow has not been disclosed.
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