{"id":2093,"date":"2026-05-20T22:01:25","date_gmt":"2026-05-20T22:01:25","guid":{"rendered":"https:\/\/houstonmovingjournal.com\/?p=2093"},"modified":"2026-05-20T22:01:25","modified_gmt":"2026-05-20T22:01:25","slug":"spacex-reveals-plans-for-what-could-be-the-biggest-ever-ipo","status":"publish","type":"post","link":"https:\/\/houstonmovingjournal.com\/?p=2093","title":{"rendered":"SpaceX reveals plans for what could be the biggest-ever IPO"},"content":{"rendered":"<div> <!-- --><p><span><strong>NEW YORK<\/strong> &#8211; <\/span>SpaceX on Wednesday submitted documents to move forward with its highly anticipated initial public offering (IPO).<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=2090\">OSHA investigating construction site death at SpaceX\u2019s Starbase: Reports<\/a><\/p> <!-- --><h2>SpaceX moves forward with IPO<\/h2> <p>Big picture view:<\/p> <!-- --><p>The company, led by CEO <u>Elon Musk<\/u>, has grown into the world&#8217;s largest space business and is expected to become the first U.S. company to go public with a market value of more than $1 trillion at the time of its IPO.<\/p> <!-- --><div><\/div> <!-- --><p>According to the documents filed, Elon Musk\u2019s SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too.<\/p> <!-- --><p>Still, the initial public offering is expected to rank among the largest ever, possibly surpassing the current title holder, Saudi Aramco, the oil giant that went public seven years ago.<\/p> <!-- --><div>\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-2092\" height=\"432\" src=\"https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/5a35d87521e86d3fd8b66ce46780a153-768x432.webp\" width=\"768\" srcset=\"https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/5a35d87521e86d3fd8b66ce46780a153-768x432.webp 768w, https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/5a35d87521e86d3fd8b66ce46780a153-300x169.webp 300w, https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/5a35d87521e86d3fd8b66ce46780a153.webp 932w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n <div><p><span>A SpaceX Falcon Heavy rocket carrying the National Oceanic and Atmospheric Administration&#8217;s (NOAA) weather satellite Geostationary Operational Environmental Satellite U (GOES-U) lifts off from Launch Complex 39A at NASA&#8217;s Kennedy Space Center, Florid<\/span> <!-- --><\/p> <div>Expand<\/div><\/div><\/div> <!-- --><p>The prospectus did not put a dollar figure on the amount Musk hoped to raise but various reports have put it at $75 billion or so, according to The Associated Press.<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=2085\">Hyundai recalls over 54,000 Elantra hybrid vehicles over fire risk<\/a><\/p> <!-- --><p>The initial offering could also make Musk, a major holder of SpaceX equity, the world\u2019s first trillionaire.<\/p> <!-- --><h2>SpaceX acquires xAI<\/h2> <!-- --><p>The backstory:<\/p> <!-- --><p>Musk\u2019s rocket and satellite company was expected to go public in June in one of the biggest Wall Street events of the year. Investment banks are lining up to fund Musk\u2019s ambitions to set up a base on the moon, put data centers the size of several football fields in orbit, and possibly one day send a man to Mars.<\/p> <!-- --><p>Founded in 2002, SpaceX has soared to the top of the industry, accounting for more than 80% of rocket launches worldwide last year, according to\u00a0<i><u>Fortune<\/u><\/i>. It has more than 10,000 Starlink satellites in orbit.\u00a0<\/p> <!-- --><p>SpaceX recently acquired another startup founded by Musk in xAI, which is focused on developing <u>artificial intelligence (AI)<\/u> technologies. The company&#8217;s IPO filing notes that the xAI unit still loses money, though AI will be pivotal to the company&#8217;s future and it&#8217;s collaborating with another Musk firm, Tesla, on an advanced chip manufacturing facility.\u00a0<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=2082\">Jan. 6 officers sue to block payouts from Trump\u2019s new \u2018Anti-Weaponization\u2019 fund<\/a><\/p> <!-- --><p><i>This is a developing story. Please check back for updates.<\/i><\/p> <!-- --> <!-- --> <!-- --> <\/div>","protected":false},"excerpt":{"rendered":"<p>On Wednesday, SpaceX submitted documents to move forward with its highly anticipated initial public offering (IPO). Here&#8217;s what to know.<\/p>\n","protected":false},"author":1,"featured_media":2091,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91,60,200,19],"tags":[],"class_list":["post-2093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-air-and-space","category-business","category-spacex","category-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SpaceX reveals plans for what could be the biggest-ever IPO - Houston Moving Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/houstonmovingjournal.com\/?p=2093\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX reveals plans for what could be the biggest-ever IPO - Houston Moving Journal\" \/>\n<meta property=\"og:description\" content=\"On Wednesday, SpaceX submitted documents to move forward with its highly anticipated initial public offering (IPO). 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