SpaceX CEO Elon Musk has announced the aerospace company’s intention to file a public IPO.
SpaceX values itself at an impressive US$1.25 trillion. Covering space exploration, satellite firm Starlink, and subsidiary xAI, the firm’s activities are innovative and often controversial. The move to go public would turn Musk, already the world’s wealthiest man, into a trillionaire.
Financial records show SpaceX made a loss in the first quarter of 2025, earning US$4.7 billion in sales but operating at a net loss of $4.3 billion. Starlink was the only arm of the business to turn a profit in those three months: its constellation of low-earth orbit satellites had quickly established it as a leading connectivity provider, including through high-value deals with airlines such as United and Qatar Airways.
Nevertheless, investors remain excited about the huge potential surrounding SpaceX. From establishing civilisation on Mars to orbital data centres, the company’s projects sprawl across the spectrum of aerospace technology.
xAI and the social media platform X, formerly known as Twitter, also fall under the SpaceX remit. These ventures have attracted criticism, especially the lack of safeguarding when using the AI chatbot Grok. xAI was cited as a potential risk under SpaceX’s IPO.
SpaceX’s dominance in the industry has concerned competitors. Airbus, Leonardo, and Thales agreed a €10 billion deal last year to combine their aerospace and defence businesses in an effort to create a credible European rival to the Musk-led company.
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