- SpaceX has filed for a record-setting IPO aiming for a $1.75 trillion valuation, set to debut on Nasdaq under ticker SPCX.
- Elon Musk will maintain majority control post-IPO through a dual-class share structure that grants his shares ten votes each.
- The company absorbed X and xAI, revealing an AI segment loss of $6.36 billion and significant R&D spending on the Starship program in 2025.
- SpaceX secured a massive AI compute deal with Anthropic worth $1.25 billion monthly, as detailed in a CNBC report.
Elon Musk’s SpaceX publicly filed for its historic initial public offering on Wednesday, targeting a colossal $1.75 trillion valuation for its planned debut on the Nasdaq stock exchange. The SEC filing reveals the company’s consolidated structure following its absorption of X and xAI, along with heavy investments in Artificial Intelligence and Starship development. However, Musk will retain firm control after the offering through a dual-class share system granting his shares superior voting power.
Consequently, the prospectus shows SpaceX reported $18.67 billion in revenue for 2025 alongside a substantial $2.59 billion operating loss. The company’s AI segment alone posted a $6.36 billion operating loss last year, while Starship research and development consumed approximately $3 billion. This financial snapshot underscores the immense capital required to pursue Musk’s vision of orbital AI infrastructure and interplanetary travel.
Meanwhile, the high-stakes IPO filing escalates Musk’s rivalry with other major AI firms like OpenAI and Anthropic, which are also considering public offerings. Earlier this month, Anthropic agreed to a landmark deal to pay SpaceX $1.25 billion per month for AI computing capacity through May 2029. This partnership grants Anthropic access to ground-based data centers and opens discussions about future orbital AI projects, highlighting SpaceX’s expanding role in the global compute race.
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