SpaceX is moving towards its IPO, projected for 2026, with a valuation estimated between $1.75 trillion and $2 trillion, making it one of the largest public listings in history. The much-anticipated S-1 filing is expected by mid-May 2026, which will disclose detailed financial metrics, including revenue and operating margins. Starlink, SpaceX's satellite internet service, is a key revenue driver, reportedly boasting over 10 million subscribers and high EBITDA margins of around 63%. The IPO filing will provide insights into the company’s financial health and future growth strategies, particularly its ambitions in artificial intelligence and space-based data centers. Additionally, SpaceX has secured a $20 billion bridge loan, indicating aggressive expansion plans but also financial pressures. The outcome of the IPO will depend heavily on investor sentiment shaped by the S-1 disclosures, which will address both opportunities and risks associated with the company’s innovative projects.