Elon Musk's SpaceX eyes record $80B IPO

SpaceX filed for an $80 billion IPO at a $1.75 trillion valuation, the largest public offering in history, with 2025 revenue of $18.67 billion driven primarily by Starlink. The company reported a $4.94 billion net loss due to a $20 billion merger with Elon Musk's AI firm xAI, but projects significant future growth from Starship deployment and orbital data centers.