SpaceX, the aerospace company founded by Elon Musk 24 years ago, has made its IPO filing public, marking a significant milestone in its evolution from a reusable rocket developer to a technology conglomerate. The filing, posted after market hours on Wednesday, reveals that SpaceX is expected to raise around $75 billion during its IPO, with a projected valuation of $1.75 trillion. The company has selected the ticker symbol 'SPCX' for its listing on the Nasdaq exchange.

The S-1 regulatory filing provides a comprehensive view of SpaceX's business, detailing a $4.9 billion loss in 2025 against revenues exceeding $18 billion. Notably, its Starlink satellite internet service generated more than half of the company's revenue last year, amounting to approximately $11 billion. However, the company has faced challenges, including legal disputes related to Musk's other ventures, which could cost around $530 million.

Elon Musk's control over SpaceX remains substantial, with 93.6% ownership of Class B stock, translating to 85.1% of voting power. Although this will decrease post-IPO, it will remain above 50%, allowing the company to avoid certain governance rules. As SpaceX prepares for its upcoming Starship launch, the IPO filing promises to reveal more intriguing financial details and risk factors.