, setting the stage for one of the biggest stock market debuts in recent years.){kind=link}
Elon Musk’s aerospace giant SpaceX has officially filed for an initial public offering (IPO), setting the stage for one of the biggest stock market debuts in recent years. The Texas-based company is reportedly seeking a valuation of $1.75 trillion, which would place it among the world’s most valuable companies.
Founded in 2002, SpaceX has become a dominant force in commercial spaceflight through rocket launches and its growing Starlink satellite internet network.
AI Expansion Fuels Investor Interest
The IPO is expected to help fund the company’s expanding artificial intelligence ambitions. Earlier this year, SpaceX merged with xAI, Musk’s AI startup behind the chatbot Grok, which competes with platforms like OpenAI’s ChatGPT and Google Gemini.
SpaceX says the merger supports its long-term vision of creating “orbital data centers” — satellites designed to provide computing power in space. The company argues the project could help ease pressure on energy grids as demand for AI infrastructure continues to rise.
IPO Comes Amid Legal Battle
The filing also arrives shortly after a federal court dismissed Musk’s lawsuit against OpenAI and CEO Sam Altman. Musk accused the company of moving away from its original nonprofit mission, while OpenAI’s legal team argued the claims were time-barred.
Musk has since vowed to appeal the ruling, calling the decision a “calendar technicality.”
For more business news and updates, stay tuned to Que Onda Magazine.