Elon Musks SpaceX readies for Wall Street blastoff with new filing projecting $28.5 trillion in future revenue

Elon Musk’s SpaceX on Wednesday filed paperwork to go public next month, aiming for an out-of-this-world valuation projected around $1.5 trillion – the biggest IPO in history.The filing for the initial public offering included mind-boggling projections for how SpaceX — which owns artificial intelligence company xAI, satellite-internet business Starlink and social media platform X — will make money.SpaceX sees future revenue opportunities of $28.5 trillion — including $26.5 trillion from AI projects, $1.6 trillion from Starlink broadband, $740 billion in Starlink mobile and $370 billion from “space-enabled solutions.”“We believe we have identified the largest actionable total addressable market (‘TAM’) in human history,” the securities filing, known as an S-1 form, states, using the financial term for potential revenue streams.Musk, who has long nurtured ambitions of colonizing Mars, voiced lofty goals in the filing, which stated SpaceX will trade under the ticker SPCX.“Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars,” he said in the prospectus summary.“You want to wake up in the morning and think the future is going to be great – and that’s what being a space-faring civilization is all about,” he added.“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.”With an expected IPO date of June 12 on Nasdaq, SpaceX is yet to reveal exactly how much money it’s aiming to raise and what valuation it expects.With investor feedback determining the sums in the coming weeks, observers are predicting a roughly $80 billion fundraising round and a historic valuation around $1.5 trillion.The massive public listing would eclipse Saudi Aramco, which raised a record-s...