# Elon Musk’s rocket and satellite company SpaceX unveiled its long-awaited initial public offering filing, opening its books to investors for the first time.

*aerospace · news · 2026-05-20 · Firstpost*

## Key points

- SpaceX’s IPO filing revealed Starlink as its dominant revenue source, surpassing its rocket business.
- SpaceX is aggressively targeting AI infrastructure markets, estimating a $28.5 trillion addressable opportunity.
- Musk will retain 85.1% voting power via dual-class shares, giving him near-complete company control post-IPO.
- SpaceX merged with Musk’s AI startup xAI, valuing SpaceX at $1 trillion and xAI at $250 billion.
- Profitability remains elusive for SpaceX, with quarterly losses rising sharply despite rapid revenue growth.

**Companies:** SpaceX, Tesla, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase, xAI
**Countries:** United States

[Read the full story on Firstpost](https://www.firstpost.com/business/spacex-ipo-elon-musk-starlink-ai-mars-trillion-dollar-valuation-nasdaq-spcx-14013405.html)

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