<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>SpaceX is the largest rocket launcher in the world, and the company's mission is to develop technology that supports multiplanetary living.</li><li>Its Starlink business is the largest satellite connectivity business in the world.</li><li>It recently merged with xAI, which has been losing money.</li><li>These 10 stocks could mint the next wave of millionaires ›</li></ul>SpaceX is expected to go public in June in what will be the biggest initial public offering (IPO) ever on the stock market. The company is looking to raise about $75 billion, according to recent reports, and debut on the stock market with a valuation of nearly $2 trillion. That would put it in the top-10 most valuable companies if it were public today, and it would be even more valuable than Elon Musk's other company, Tesla (NASDAQ: TSLA), which is worth $1.6 trillion today.The investing community is psyched for the IPO and for the opportunity to be a part of Musk's vision for space travel and living.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue »But that may not be what this stock is really all about.Read on to see why.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MTc5MC9hLXNhdGVsbGl0ZS1vcmJpdGluZy1lYXJ0aC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MTc5MC9hLXNhdGVsbGl0ZS1vcmJpdGluZy1lYXJ0aC5qcGcmdz03MDA"/>Image source: Getty Images. <h2>Elon Musk's vision for SpaceX</h2>SpaceX was created in 2002, and it has spent the past 24 years breaking through ceilings in space travel. It was the first company to successfully reuse rocket boosters, and 85% of launches today use them. It has launched 650 rockets and is the largest launcher of rockets in the world, serving private and government clients.Its mission is to develop technology to make life &#34;multiplanetary.&#34; According to Musk: &#34;It's about believing in the future and thinking that the future will be better than the past. And I can't think of anything more exciting than going out there and being among the stars.&#34;It's about the future more than it is about space, which is just one element of the company's business. The other two are connectivity and artificial intelligence (AI). SpaceX includes the Starlink broadband satellite business, which is the connectivity aspect, as well as the xAI business, which it recently merged with.<h2>The opportunity is somewhere else</h2>Space travel is core to the company's mission, and SpaceX has been the U.S. government's primary partner in this area. Last year, it launched 11 out of 12 National Security Space Launch (NSSL) &#34;medium and heavy lift missions&#34; and all five NASA U.S. missions to the International Space Station (ISS).SpaceX generated $4.1 billion in revenue last year and an operating loss of $657 million. Management sees a total addressable market (TAM) of $370 billion for this business.The Starlink business is its most developed segment as well as its only profitable one. It's the most advanced business of its kind, with 9,600 low-Earth satellites in orbit, or 75% of all active maneuverable satellites in orbit. It's expected to launch a much more powerful satellite later this year that will increase Starlink's downlink capacity 20-fold. It generated $11.4 billion in revenue in 2025 and $4.4 billion in operating income. Management assesses a $1.6 trillion opportunity here.Finally, it has consumer and enterprise AI applications through xAI, and it's investing to gain dominance in this area. It believes it has the largest data center cluster in the world, and while these data centers are becoming more cost-efficient, management is aiming to launch data centers into orbit and use the power of the sun to run them. It's investing heavily in AI, with $13 billion in capital expenditures last year out of the company's $21 billion total. The AI business generated $3.2 billion in revenue last year, with a $6.4 billion operating loss.Management sees a $26.5 trillion TAM in this space, with $22.7 trillion coming from what it calls &#34;enterprise applications.&#34; These are all kinds of AI applications at the organizational level, including commercial and government, and it includes things like agentic AI and workflow models. The competition is already fierce in this area, with Palantir Technologies and ServiceNow already in the lead, and entrants like Amazon and Alphabet, which have formidable resources to invest.Investors should consider that this is what SpaceX believes to be its largest opportunity, by far, and invest accordingly.<h2>Don’t miss this second chance at a potentially lucrative opportunity</h2> Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: <ul> <li>Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $555,736!*</li> <li>Apple: if you invested $1,000 when we doubled down in 2008, you’d have $59,562!*</li> <li>Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $465,733!*</li> </ul> Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of May 30, 2026. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Palantir Technologies, ServiceNow, and Tesla. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

SpaceX has officially filed its S-1 with the SEC, targeting a valuation of $1.75tn–$2tn and raising ~$75bn. The company is set to list on Nasdaq as early as Jun 12 under ticker SPCX. If completed, the deal would shatter Saudi Aramco's record $29.4bn IPO to become the largest in history. Musk's moonshot is heading to market — are you in?

SpaceX has officially filed its S-1 with the SEC, targeting a valuation of $1.75tn–$2tn and raising ~$75bn. The company is set to list on Nasdaq as early as Jun 12 under ticker SPCX. If completed, the deal would shatter Saudi Aramco's record $29.4bn IPO to become the largest in history. Musk's moonshot is heading to market — are you in?

SpaceX IPO Prospectus Drops, Valuation Surges to $2tn

SpaceX is accelerating its Nasdaq IPO, targeting a 12 June 2026 listing. Reported raise: USD 80 billion+ at a USD 1.75 trillion valuation. If it lands, the largest IPO in history. Comes with a 5-for-1 stock split to lower the entry price, Musk's no-sell pledge, and proceeds earmarked for Starship V3 and orbital data centers. xAI's financials will surface in the prospectus for the first time.&nbsp;Wall Street says market liquidity is enough to absorb this AI + hardcore-tech "super asset." At USD 1.75T, the story is fully priced in already. Day-1 moonshot, or first-day fade?

SpaceX is accelerating its Nasdaq IPO, targeting a 12 June 2026 listing. Reported raise: USD 80 billion+ at a USD 1.75 trillion valuation. If it lands, the largest IPO in history. Comes with a 5-for-1 stock split to lower the entry price, Musk's no-sell pledge, and proceeds earmarked for Starship V3 and orbital data centers. xAI's financials will surface in the prospectus for the first time.&nbsp;Wall Street says market liquidity is enough to absorb this AI + hardcore-tech "super asset." At USD 1.75T, the story is fully priced in already. Day-1 moonshot, or first-day fade?

USD 2T! SpaceX Prospectus Drops, IPO Locked for June 12

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SpaceX is preparing for a potential $75 billion IPO with a valuation near $2 trillion. While known for space travel, its largest market opportunity lies in AI and connectivity. Starlink, the profitable satellite business, generated $11.4 billion in revenue, while xAI, recently merged, faces losses despite a massive addressable market. Investors are advised to consider these non-space segments as key growth drivers.

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This Is SpaceX's Biggest Market, and It Might Surprise You (Spoiler Alert: It Has Nothing to Do With Space)