SpaceX announces the biggest stock market launch in history
Elon Musk's space company, now immersed in AI, expects to raise $80 billion after losing nearly $5 billion in 2025
BarcelonaElon Musk is preparing a new operation to shake up Wall Street. SpaceX, his aerospace company, revealed its IPO prospectus this Wednesday. Just hours after the judicial defeat against OpenAI founder Sam Altman, the richest man in the world seeks to achieve two unprecedented milestones: SpaceX's would be the largest initial public offering (IPO) in history, through which it hopes to raise around 80 billion dollars; and the firm would become the first in history to assault the market with a total valuation exceeding one trillion dollars.
judicial defeat against OpenAI founder Sam AltmanSpaceX would thus enter Wall Street as the ninth most valuable company in the world, even surpassing the crown jewel of Musk's empire, the automotive company Tesla, which is valued around 1.4 trillion dollars. However, the offering will not remove the billionaire from the center of power: according to the document, former advisor to President Donald Trump will hold 85% of the voting rights of the listed company, which will be registered on the Nasdaq as a "controlled company" and will not have to include a quota of independent directors on its main governing body.
AI losses
SpaceX was, until the beginning of the year, Musk's firm for the aerospace and defense sector. Besides operating spacecraft launches, it also concentrated Musk's satellite internet service, Starlink. This February, however, the billionaire integrated it with xAI, his artificial intelligence segment in charge of developing the social network X's chatbot, Grok.
The platform is Musk's attempt to enter the generative and agentic AI war, which is currently led by Open AI (ChatGPT), Anthropic (Claude), and Google (Gemini). According to the documents it has presented to the US stock market regulator, the company invested nearly 11 billion dollars in data centers and computing capacity for AI, to the point that it sank the first quarter, in which it incurred nearly 4.3 billion in losses.
The "biggest market in history"
With the stock market launch, Musk hopes to reverse the losses generated by the investment in AI infrastructure, and prepare for what he considers will be "the biggest market in the history of humanity". According to what has been conveyed to potential investors, general access to artificial intelligence could generate a global turnover close to 27 billion dollars.
The financial world has rushed to assist Musk in the operation. The document addressed to the stock market regulator details the banking operators who will lead the stock market launch. A list that includes some of the biggest names on the planet: Goldman Sachs, Morgan Stanley, Citigroup or Bank of America, as well as European ones like Société Générale or Banco Santander itself, among many others, will act as joint book-running managers –the financial providers who will lead the share issue.
