SpaceX files for $75B IPO, valuing company at $1.77 trillion

SpaceX just filed the paperwork for one of the biggest IPOs anyone's ever attempted. Elon Musk's rocket company wants to raise $75 billion and land a valuation around $1.77 trillion, which would put it in the same conversation as the most valuable public companies on earth. For context, that's roughly double what Tesla was worth when it went public in 2010.

So why now? The timing makes sense given SpaceX's recent wins with government contracts, Starship's progress, and the broader appetite investors have shown for space and defense plays. A blockbuster debut like this would reshape how Wall Street thinks about commercial spaceflight and make early backers a substantial amount of money. But an IPO this size also means Musk loses some control of the company he built.

The actual execution matters more than the announcement. Getting regulatory approval, pricing the shares, and executing the offering itself will take months. Investors are still waiting to see the detailed financials and what the S-1 filing actually reveals about SpaceX's profitability and cash burn.