• SpaceX plans an IPO potentially raising $75 billion, valuing the company up to $2 trillion.
• Elon Musk could become the world's first trillionaire if the IPO succeeds.
• The filing reveals significant losses amid ambitious plans for Mars colonization and AI in space.
• SpaceX aims for a June listing on the Nasdaq under the ticker SPCX.
• The company projects a market potential worth $28.5 trillion across its business segments.

Elon Musk's SpaceX is gearing up for what could be the largest initial public offering (IPO) in history, with plans to raise as much as $75 billion and seek a valuation ranging from $1.75 trillion to $2 trillion. If successful, this offering would surpass the 2019 IPO of Saudi Aramco, which was worth $1.8 trillion, solidifying Musk's trajectory to become the first person with a personal fortune exceeding $1 trillion, according to Bangkok Post, India Times, and Le Monde.

The filing of the prospectus represents the first public disclosure of SpaceX's financial situation after 24 years of operation. For 2025, the company reported $18.7 billion in revenue but incurred a substantial operating loss of $2.6 billion. This documentation also revealed Musk controls 85% of the voting power, thereby retaining significant control over corporate governance, which could raise concerns for potential investors, reports India Times and Bangkok Post.

SpaceX's ambitions extend beyond financial markets, with plans to develop a human colony on Mars. Musk's compensation structure links significant stock incentives to milestones like the establishment of a permanent colony with one million inhabitants on Mars. This arrangement reflects Musk's expansive vision of making humanity multiplanetary and furthers the company's ambitious roadmap, which includes plans for building orbiting data centers powered by solar energy, according to India Times and Le Monde.

Despite the ambitious projections, SpaceX has recorded substantial losses, particularly in its AI ventures. The company reported losses from AI initiatives totaling $6.4 billion in 2025, amid ongoing investments to compete in an increasingly aggressive tech landscape. Meanwhile, its Starlink satellite service appears to be a key revenue driver, generating $11.4 billion in revenue, all of which positions SpaceX at a critical juncture ahead of its IPO, as stated in Bangkok Post and Le Monde.