Elon Musk’s rocket and satellite company, SpaceX, is preparing for a monumental initial public offering (IPO) next week, aiming to raise $75 billion. The company plans to achieve this by selling approximately 555.6 million entirely new shares priced at $135 each. This massive public debut is targeting an overall company valuation of $1.75 trillion, positioning SpaceX to lead a major wave of high profile tech listings this year, which is also expected to include artificial intelligence giants OpenAI and Anthropic.
While the IPO marks a major milestone for the aerospace giant, it arrives amid distinct financial realities for its different business arms. SpaceX recorded a total revenue of $18.67 billion in 2025, alongside a net loss of $4.94 billion, a deficit heavily tied to its acquisition of Musk’s AI startup, xAI. Currently, two out of the company’s three main operational units are considered significant cash drains, leaving the Starlink satellite communications division as its sole profitable entity. Despite these near term financial losses, investor enthusiasm remains anchored to Musk’s expansive, long term visions for SpaceX, which include deep space missions and pioneering the operation of AI data centers directly in space.
