SpaceX has officially filed for an initial public offering (IPO) that could raise up to $75 billion, potentially making it the largest IPO in history. The filing reveals a $4.28 billion net loss on $4.69 billion in revenue for the first quarter of 2026, compared to a loss of $528 million on revenue of about $4 billion in the same period last year. Elon Musk's ambitious plans include establishing a human settlement on Mars and launching data centers in space, which are part of a market opportunity estimated at $28.5 trillion. Despite these aspirations, SpaceX's financials show significant cash burn, particularly in its AI segment, which reported losses of $6.36 billion last year. The company is also heavily reliant on its Starlink satellite internet service, which accounted for about two-thirds of its revenue in early 2026. Musk's control over the company is secured through a dual-class share structure, allowing him to maintain decision-making power post-IPO. The success of this IPO will depend on investor confidence in Musk's vision and whether index funds will buy into the stock following its market debut on Nasdaq under the symbol SPCX.