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00:02SpaceX filed for an initial public offering on Wednesday,
00:06targeting a raise of about $75 billion at a valuation near $1.75 trillion,
00:12according to Yahoo Finance and Reuters. The valuation would make it the largest
00:17stock market flotation ever. The S1 filing revealed $18.7 billion in 2025 revenue and
00:25a $4.9 billion loss. Starlink was the top revenue driver at $11.4 billion,
00:32followed by rocket launches at $4 billion and XAI at $3.2 billion. Elon Musk will retain 85.1%
00:40combined voting power and continue as CEO, CTO, and board chairman. Musk will hold enough voting
00:46power to control shareholder decisions and manage Class B board seats. Starlink led SpaceX's
00:52business units with $11.4 billion in revenue, ahead of rocket launches at $4 billion and XAI at $3.2
00:59billion. For all things money, visit Benzinga.com.
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