21-May-2026
Corporate News
 
Musk’s blockbuster SpaceX IPO filing reveals $18.7 bn revenue, $60 bn debt, and Musk’s Mars pay deal
21-May-2026

Breaking years of financial opacity around Elon Musk’s privately held rocket and satellite company, SpaceX has finally disclosed how its multifaceted businesses have performed in its historic IPO filing on Wednesday (US time). The company, which operates satellite internet service Starlink and is linked to AI firm xAI unveiled its plans to go public in the US for the first time. SpaceX IPO filing reveals financial figures behind Elon Musk-led company In a May 20 filing with the US Securities and Exchange Commission (SEC), SpaceX unveiled an initial public offering expected to be the largest in Wall Street history, with the company targeting a valuation of $1.75 trillion. According to Reuters, it is likely to debut as early as June 12 under the ticker SPCX, raising between $50 billion and $75 billion, the move could push Musk’s net worth into trillionaire territory.

News Source:- https://www.financialexpress.com/market/global-markets/elon-musk-files-blockbuster-trillion-dollar-spacex-ipo-to-be-listed-on-june-12/4246774/?ref=globalmarket_hp