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SpaceX, the company owned by Elon Musk, has announced plans to launch an Initial Public Offering (IPO).

SpaceX Announces IPO Plan
Kathmandu — Elon Musk’s rocket and satellite company SpaceX on Wednesday unveiled its long-delayed Initial Public Offering (IPO) plan, publicly disclosing detailed information about the company’s financial condition and leadership structure for the first time.
According to a report by CNN, the company revealed previously confidential details regarding its board members, sales, profits, expenses, and business model.
Although the public offering is being viewed as potentially the largest IPO in world history, the company has not disclosed how much capital it aims to raise or what its valuation will be. Those figures are expected to be announced shortly before the share issuance. SpaceX released a 277-page prospectus detailing its operations, stating that Elon Musk serves as chairman while Chief Operating Officer Gwynne Shotwell is listed as a director.
In its filing, SpaceX outlined ambitious goals including making life multi-planetary, understanding the true nature of the universe, and spreading the light of consciousness to the stars. To achieve these objectives, the company plans to continue rapid production and launch of satellites to strengthen its Starlink communication technology, while also developing truth-seeking artificial intelligence powered by solar energy to advance scientific discovery. Ultimately, the company aims to establish a base camp on the Moon and cities on other planets.
The IPO is expected to attract massive investment and could potentially make Elon Musk the world’s first trillionaire. Due to confidence in SpaceX’s AI capabilities, Musk merged SpaceX with his AI and social media company xAI last February. Following the merger, the combined company was reportedly valued at $1.25 trillion.
Musk holds a major stake in the company, owning 12.3 percent of common shares and 93.6 percent of Class B shares, which carry 10 votes per share. This gives him control over 85.1 percent of the company’s total voting power, ensuring his continued dominance even after the IPO. Meanwhile, Gracias, through Valor Entities, is the company’s second-largest shareholder with 7.3 percent of common shares.
Regarding financial performance, SpaceX generated $18.7 billion in revenue last year, a 33 percent increase compared to the previous year. However, the company has yet to achieve consistent profitability. After earning a profit of $791 million in 2024, it reported a loss of $4.9 billion in 2025, compared to a $4.6 billion loss in 2023.
The losses appear likely to continue in 2026, as the company already recorded a $4.3 billion loss on $4.7 billion in revenue during the first three months of the year. Last year, SpaceX spent a total of $20.7 billion, with the largest share — $12.7 billion — invested in AI technology.
Additionally, the company spent $4.2 billion on Starlink and $3.8 billion on rockets and other space missions. This capital expenditure was nearly double the $11.2 billion spent in 2024 and significantly higher than the $4.4 billion spent in 2023.
In just the first three months of this year, SpaceX has already spent $10.1 billion, including $7.7 billion solely on AI. Despite the substantial losses, the company insists it will not remain unprofitable forever.
SpaceX stated that it sees a future revenue opportunity worth $28.5 trillion, which it described as “the largest and most actionable market opportunity in human history.”

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