SpaceX's Starship rocket is prepared for a test flight at Starbase, Texas, USA, on May 20, 2026. (Photo: AP)
Elon Musk's SpaceX has announced plans for an initial public offering (IPO), which could become the largest stock sale in history.
According to published documents, SpaceX, whose full name is Space Exploration Technologies Corp., incurred a loss of $2.6 billion from its operations in 2025, on revenue of $18.7 billion. The losses are expected to continue into the early months of 2026.
The report did not specify the amount of money Musk wants to raise. However, many reports estimate the size of the deal could be around $75 billion. If it reaches this level, SpaceX's IPO would far surpass the current record held by Saudi Aramco, which raised $26 billion when it went public seven years ago.
SpaceX says the funds raised will support projects to send humans to the Moon and Mars, in its ambition to make humanity a habitable species beyond Earth. The company filing states: "We don't want humans to share the same fate as the dinosaurs."
Billionaire Elon Musk attends the World Economic Forum in Davos, Switzerland, on January 22, 2026. (Photo: AP)
Beyond its reusable rockets and astronaut launches, SpaceX has many other businesses. Starlink, the world's largest satellite communications company, is a significant source of revenue, generating $4.4 billion in operating profit by 2025. This service utilizes 10,000 low-orbit satellites to provide internet access to 10 million people in 150 countries and territories.
Meanwhile, several other segments are struggling, including social media platform X, formerly Twitter, and artificial intelligence (AI) company xAI. Records show the AI segment is projected to lose $6.4 billion from operations in 2025.
SpaceX's core operations are also supported by large contracts from the U.S. government. According to filings, one-fifth of the company's revenue in 2025 will come from the federal government. SpaceX has won contracts worth $6 billion from NASA, the U.S. Department of Defense , and other agencies over the past five years.
The documents also indicate that Musk will continue to have significant control at SpaceX. Some shareholders, including Musk, will hold special stock with 10 voting rights per share, allowing them to elect a majority of the board members.
SpaceX could begin presenting the deal to investors 15 days after the prospectus is released, which is on June 4th.
Source: https://vtv.vn/spacex-len-ke-hoach-ipo-lon-nhat-lich-su-100260521170505222.htm
Comment (0)