SpaceX, founded by Elon Musk, has officially filed for an initial public offering (IPO), revealing its valuation at over $1.25 trillion. This move could mark a significant milestone in the US financial industry, as SpaceX prepares to debut on the stock market under the ticker symbol 'SPCX' on June 12. The roadshow is scheduled to commence on June 4, with share sales expected to begin shortly thereafter. Initially known for its rocket technology, SpaceX has expanded its operations to include satellite launches, the Starlink internet network, and Musk's artificial intelligence venture, xAI. Despite going public, Musk will retain substantial control over the company as its CEO, CTO, and chairman, with clauses in the IPO filing that limit shareholder rights and legal recourse. Discussions surrounding Musk's wealth have resurfaced, as he previously became the first individual to reach a net worth of $500 billion. With his majority stake in SpaceX, analysts suggest his investment could be valued at over $600 billion, positioning him to potentially become the world's first trillionaire following the IPO.