Kathmandu. Elon Musk’s rocket and satellite company SpaceX unveiled its long-stalled initial public offering (IPO) plans on Wednesday, revealing details about the company’s financial position and leadership system. <\/p>\n
This is the first time the company has released previously classified details of board members, sales, profits, expenses and business model, CNN reported. <\/p>\n
Although the public offering is seen as the largest IPO in the history of the world, it is not clear how much money the company is trying to raise and how much it will be valued. The announcement will be made just before the issue of shares. <\/p>\n
Elon Musk is the company’s chairman and COO Gwyn Shotwell as a director, according to a 277-page ledger about the company’s operations. <\/p>\n
In its prospectus, SpaceX has an ambitious goal of making life multi-planetary, understanding the true nature of the universe, and spreading the light of consciousness to the stars. <\/p>\n
To achieve this goal, the company plans to further strengthen its Starlink communications technology, continue the rapid production and launch of satellites, and develop truth-seeker artificial intelligence that will boost scientific discovery using the sun’s energy. Eventually, the company aims to build base camps on the moon and cities on other planets. <\/p>\n
It is expected that this IPO will bring in a large amount of capital and make Musk the world’s first trillionaire. Musk merged SpaceX with his AI and social media company XAI in February because of his faith in SpaceX’s AI capabilities. As a result, the valuation of the combined company reached $ 1.25 trillion at that time. <\/p>\n
Musk has a large stake in the company; With 93.6 percent ownership of Class B shares, which includes 12.3 percent of ordinary shares and 10 votes per share, Musk controls 85.1 percent of the company’s total voting power, ensuring his sole control of the company even after the IPO. Gracias is the company’s second-largest shareholder with 7.3 percent of the ordinary shares through Valor Entities. <\/p>\n
In terms of finances, SpaceX earned $18.7 billion last year, up 33 percent from the previous year. However, the company has not yet been able to make a profit. The company, which made a profit of $791 million in 2024, lost $4.9 billion in 2025 and lost $4.6 billion in 2023. <\/p>\n
The loss is set to continue in 2026, as the company reported a loss of $4.3 billion on revenue of $4.7 billion in the first three months of this year. Last year, the company spent a total of $20.7 billion, the bulk of which ($12.7 billion) was invested in AI technology. <\/p>\n
Apart from this, $ 4.2 billion was spent on Starlink and $ 3.8 billion on other space missions, including rockets. This capital expenditure is almost double the $11.2 billion in 2024 and much higher than the $4.4 billion in 2023. <\/p>\n
In the first three months of this year, the company has spent $ 10.1 billion, of which $ 7.7 billion has been spent on AI alone. Despite such a huge loss, SpaceX claims that it will not always be a loss in the future. <\/p>\n
The company said there was a huge revenue opportunity of $28.5 trillion in the coming days, which SpaceX described as “the largest and most actionable market opportunity in human history”.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Elon Musk’s rocket and satellite company SpaceX unveiled its long-stalled initial public offering (IPO) plans on Wednesday, revealing details about the company’s financial position and leadership system. This is the first time the company has released previously classified details of board members, sales, profits, expenses and business model, CNN reported. Although the public offeringContinue reading “Elon Musk’s SpaceX unveils IPO”<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":87755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1391],"tags":[],"class_list":["post-87758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en"],"acf":[],"publishedDateNp":"\u096d \u091c\u0947\u0937\u094d\u0920 \u0968\u0966\u096e\u0969, \u092c\u093f\u0939\u0940\u092c\u093e\u0930 \u0967\u0968:\u096a\u096c","_links":{"self":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts\/87758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/comments?post=87758"}],"version-history":[{"count":1,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts\/87758\/revisions"}],"predecessor-version":[{"id":87759,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts\/87758\/revisions\/87759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/media\/87755"}],"wp:attachment":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/media?parent=87758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/categories?post=87758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/tags?post=87758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}