SpaceX, the space exploration company founded by Elon Musk, has officially filed for an initial public offering (IPO) that could raise between $40 billion and $80 billion. This IPO, if successful, would mark the largest in history, surpassing the previous record held by Saudi Aramco's $25.6 billion offering in 2019. Valued at approximately $1.25 trillion, SpaceX aims to become the 12th-largest publicly traded company globally. Musk's stake in the company could elevate his net worth to over $1 trillion, making him the world's first trillionaire. The IPO is set to launch on June 12 and will be listed on Nasdaq under the ticker SPCX. The filing reveals that SpaceX incurred a loss of $4.3 billion in the first quarter of 2025, primarily due to its AI subsidiary xAI, which is being integrated into the main company. Despite these losses, Starlink, SpaceX's satellite internet service, is projected to generate over 70% of the company's revenue by 2026. Furthermore, the company plans to launch 10,000 rockets annually within five years, pending approval from the Federal Aviation Administration (FAA).