SpaceX has filed for a public stock offering, revealing new details about Elon Musk’s rocket and satellite company. The 277-page filing outlines business operations, leadership structure, and future plans.
The company generated $18.7 billion in revenue last year, a 33 percent increase from the previous year. However, it reported a $4.9 billion loss in 2025 after recording a profit in 2024.
SpaceX’s spending has been largely on artificial intelligence infrastructure, Starlink satellite technology, and space exploration projects. Its mission is to build systems and technologies necessary for life to become multiplanetary.
Elon Musk remains chairman with more than 85 percent of the company’s voting power through his share structure. He has received an annual salary of $54,080 since 2019 but could receive billions in stock awards if SpaceX reaches major valuation targets and establishes a permanent human colony on Mars. Analysts expect the listing to become the largest initial public offering in history, potentially valuing the company at over $1 trillion.