Elon Musk’s SpaceX unveils filing for blockbuster IPO

SpaceX has unveiled its IPO filing, with a potential valuation of $1.75 trillion. Founded in 2002, the company has become the largest player in the space sector, generating $18.67 billion in revenue last year from its Starlink satellite network. Despite ambitions related to artificial intelligence, its xAI division is still operating at a loss. The company is also preparing to launch a test flight of its next-generation Starship rocket.