SpaceX has filed for an initial public offering that could value the company at $1.5 trillion, according to sources familiar with the matter.
The IPO, expected as early as June, aims to raise up to $75 billion to fund Elon Musk’s vision of lunar bases, orbital data centers, and eventual missions to Mars.
Musk owns approximately 42% of SpaceX. With the new share issuance, his personal fortune-already estimated at $823 billion-could surpass the $1 trillion mark.
The company dominates commercial space launches and operates Starlink, the world’s largest satellite internet network. Recently, it absorbed X (formerly Twitter) and AI startup xAI, both controlled by Musk, in a move drawing regulatory scrutiny.
SpaceX has received over $6 billion in U.S. government contracts over the past five years from NASA and the Department of Defense.
Critics question potential conflicts of interest, especially as Donald Trump Jr., whose father is president, holds SpaceX shares through 1789 Capital-a firm focused on federal contracting investments.
The White House denies any impropriety, asserting no conflict exists between presidential duties and private business interests.