SpaceX IPO: Elon Musk Confidentially Files For IPO -- Know How The Largest Listing Ever Could Impact Wall Street

Elon Musk founded SpaceX in 2002 with the goal of sending people to Mars, and the company turned into the world's leading space companies. Since 2002 Musk said that the ultimate mission of the company is to make humans a multiplanetary species, ensuring that life would thrive if something happened to Earth.

According to Georgetown University's center for Security and Emerging Technology, the company launches 5 out of every 6 rockets in space in the US.

In February 2026, Elon Musk merged the SpaceX with AI company, xAI after with SpaceX consists of Starship, which is a self-landing rocket meant for Mars, Grok, xAI's chatbot, and popular microbloging platform X (formerly known as Twitter).

The media reports and experts suggest that the company will use the money raised from the IPO into long-term goals of launching AI data centers into orbit, creating a colony on the moon, and sending humans into Mars.

As per a source, the company may also use the money to fund xAI and its working capital as well as to buy up and expunge billions of dollars in debt that Twitter (now X) borrowed when Musk bought the social media platform back in 2022.