Elon Musk's rocket manufacturing company, SpaceX, officially filed its initial public offering (IPO) application this Wednesday, planning to list on Nasdaq under the ticker symbol "SPCX" to raise additional capital for its space, artificial intelligence, and satellite businesses. While SpaceX did not disclose the specific fundraising amount, market estimates previously reached as high as $75 billion. If achieved, it would surpass Saudi Aramco's record of $25.6 billion set in 2019, becoming the largest IPO in history. Last month, SpaceX had already submitted confidential listing documents to the U.S. Securities and Exchange Commission (SEC). According to the prospectus, SpaceX reported revenue of $18.7 billion last year with an operating loss of $2.6 billion; revenues were approximately $4.7 billion in the first three months of 2026. The company's income primarily stems from commercial and government launch missions involving Falcon 9, Falcon Heavy, and Dragon spacecraft. In its prospectus, SpaceX outlined an ambitious market vision, estimating that the total addressable market for its products and services exceeds $28 trillion, comprising $370 billion for space operations, $1.6 trillion for broadband services, $26.5 trillion for AI services, nearly $23 trillion for enterprise technologies, and $600 billion for digital advertising. The company further stated that reusable rockets and scalable satellite production capabilities will support the deployment of large-scale AI computing satellite constellations designed for orbital data centers. "Our mission is to build the technology and systems necessary to make life multiplanetary, understand the nature of the universe, and extend the light of consciousness among the stars," SpaceX wrote in the prospectus. Analysts at Wedbush suggested that funds raised through the IPO could help Elon Musk achieve even grander objectives—including orbital data centers and crewed Mars missions. They noted, "Musk aims to own and control more of the AI ecosystem, with the ultimate goal potentially being some form of integration between SpaceX and Tesla." Following the listing, Musk will retain his roles as Chief Executive Officer (CEO), Chief Technology Officer (CTO), and Chairman while maintaining majority voting rights. However, other Wall Street analysts offered cautionary remarks: "Orbital data centers remain far from certain; at least currently—and likely over the next several years—many believe they are operationally and economically unfeasible."