SpaceX Files for Historic IPO, Targeting $2 Trillion Valuation. Elon Musk's aerospace and AI company filed Wednesday for a Nasdaq listing under ticker SPCX, marking what could be the largest IPO in stock market history. The offering could raise between $50 billion and $75 billion, valuing SpaceX at $1.25 trillion to $2 trillion. The company's 277-page prospectus reveals $18.7 billion in 2025 revenue, a 33 percent increase year-over-year, though it posted a $4.9 billion net loss as capital expenditure nearly doubled to $20.7 billion. Notably, $12.7 billion was directed toward artificial intelligence infrastructure. SpaceX dominates US rocket launches and is pivoting aggressively into AI infrastructure at unprecedented scale. A successful debut could unlock delayed mega-listings from Anthropic and OpenAI, signaling public markets are reopening for ambitious technology companies.
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