SpaceX files for record-breaking IPO with rockets, AI, and Mars ambitions at the center

SpaceX has filed for an IPO that could be the largest ever, highlighting rapid revenue growth alongside heavy spending and large losses.

Starlink remains the company’s main revenue engine, while SpaceX is also investing heavily in AI infrastructure, orbital compute plans, and Starship development.

The filing underscores Elon Musk’s continued control, with a dual-class structure that keeps most voting power in his hands.

SpaceX’s strategy points to a bet on space-based computing, next-generation launch systems, and Mars ambitions, even as profitability remains distant.