In 2025, SpaceX dominated over 80% of global space launches, blanketing Earth’s orbit with thousands of satellites. Now it’s going public: Elon Musk’s rocket empire has filed for an IPO that could raise up to $75 billion, valuing SpaceX near $1.75 trillion and pushing Musk past the trillion‑dollar wealth mark. The listing will dethrone giants like Saudi Aramco and Alibaba as the world’s largest IPO ever. Behind the hype, the filing reveals a dual‑class share structure that keeps Musk firmly in control, plus huge losses driven by AI and xAI spending. Yet most revenue now comes not from launches, but from Starlink’s satellite internet. With plans for Mars settlements, in‑space AI data centers, and a massive TAM of $28.5 trillion, SpaceX’s IPO could spark a wave of mega listings, including OpenAI and Anthropic.