A report by the BBC has claimed that SpaceX is preparing for a potential initial public offering (IPO) on the US stock market, which could become the largest in Wall Street history.
According to the report, the listing could begin as early as next month and may trade under the ticker symbol “SPCX.” If it proceeds, it would mark a major milestone for the private aerospace company founded by Elon Musk.
SpaceX, which also operates the satellite internet service Starlink, has expanded its business into rockets, global connectivity, and other advanced technologies. The report also notes its involvement in artificial intelligence through Musk’s firm xAI.
The company is currently valued at about $1.25 trillion, and with Musk holding a majority stake, his shares could be worth more than $600 billion if the IPO goes ahead. This development could push his total net worth beyond $1 trillion, making him the world’s first trillionaire.
Musk, who also leads electric vehicle maker Tesla, previously became the first person to surpass a net worth of $500 billion last year.
The filing reportedly provides a detailed view of SpaceX’s financial performance. Last year, the company generated $18.6 billion in revenue but recorded a net loss of $4.9 billion. In the first quarter of this year, it posted $4.7 billion in sales while reporting a net loss of $4.3 billion.
The report also highlights more than $500 million in expected legal costs tied to multiple ongoing cases. These include allegations involving the use of xAI’s chatbot “Grok” in creating sexualised deepfakes of real individuals, alongside other claims such as patent disputes, EU content moderation compliance issues, copyright infringement, and data breach allegations.
SpaceX is also said to have connections to the social media platform X, formerly known as Twitter, which Musk acquired in 2022.
If completed, the IPO would mark one of the most significant public listings in global financial history.
SpaceX IPO Report Could Push Elon Musk Toward Trillionaire Status
