As SpaceX gets closer to IPO, Elon Musk bets big on Mars colonies and AI in space

SpaceX CEO Elon Musk has unveiled his plans for one of the biggest stock sales in history, filing for a SpaceX IPO which blends hard financials with science-fiction ambitions. According to a report by Fortune, the prospectus for the IPO reveals SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, yet Musk is targeting a raise of around $75 billion.

The SpaceX IPO filing makes Musk’s vision: to finance projects that put humans on the moon and Mars, ultimately making civilization interplanetary. “We do not want humans to have the same fate as dinosaurs,” the prospectus declares. Also, the compensation plan of Elon Musk ties rewards to milestones like establishing a permanent human colony on Mars with at least one million inhabitants.

Losses and lucrative Units

While SpaceX’s rocket business remains heavily reliant on government contracts worth $6 billion over five years the company’s Starlink satellite network is a major profit engine.

Starlink generated $4.4 billion in operating income last year, serving 10 million users across 150 countries with internet from 10,000 low-orbit satellites. By contrast, Musk’s acquisitions of X (formerly Twitter) and xAI have drawn criticism from investors as costly bailouts.

The filing shows SpaceX’s AI unit lost $6.4 billion last year.

Elon Musk to become a trillionaire

Musk, already worth $839 billion according to Forbes, could become the world’s first trillionaire if SpaceX’s IPO succeeds.

His compensation package includes 15 tranches of 67 million shares each, vesting only if SpaceX hits market cap targets up to $7.5 trillion or achieves futuristic goals like building giant orbital data centers the size of football fields.The filing also underscores Musk’s grip on SpaceX. He and select shareholders will hold a special class of stock with 10 votes per share, ensuring control over board elections and corporate decisions.

The prospectus warns investors this structure will “limit or preclude” their ability to influence governance.SpaceX plans to begin its IPO roadshow on June 4, with pricing expected by June 11 and trading as early as June 12. Wall Street is bracing for what could be the most closely watched listing of the decade one that mixes blockbuster financial ambition with Musk’s Hollywood-style vision of humanity’s future among the stars.