Elon Musk's SpaceX is set to raise $80 billion in an initial public offering (IPO), aiming to achieve the largest public offering in history, surpassing Saudi Aramco's previous record of $26 billion in 2019. Goldman Sachs will lead the IPO, which could value SpaceX between $1.75 trillion and $2 trillion, following its acquisition of Musk's xAI. This valuation places SpaceX among the most valuable companies to go public. Starlink, SpaceX's satellite internet service, significantly contributed to this valuation, doubling its operating income to $4.42 billion last year. However, xAI reported a $6.4 billion operating loss, raising concerns about the company's profitability. To attract investors, SpaceX plans to reserve up to 30% of shares for retail investors, a significant increase compared to the typical 5% to 10% for large IPOs. Prediction markets suggest a 77% chance that the IPO will be completed by June 15, despite warnings from analysts about the challenges mega-IPOs face after their debut. Additionally, the recent death of a contractor at SpaceX's Starbase facility adds to the risks surrounding the launch.