Elon Musk has a habit of turning science fiction into reality. From reusable rockets to autonomous electric vehicles and humanoid robots, the billionaire's ventures often achieve what was once thought impossible. With SpaceX's initial public offering (IPO), he's aiming for even bigger milestones.
The company, which has stayed fiercely private for 24 years, is now preparing to go public. In an S1 filing to US regulators on Wednesday, which runs to hundreds of pages, SpaceX plans to raise roughly $75 billion (€64.5 billion) from new investors, which would value the company at up to $1.75 trillion.
Not bad for a firm that is still loss-making and which Musk — already the world's richest man — will effectively still control.
SpaceX believes a million people could live on Mars in the futureImage: Steve Nesius/REUTERS
Colonizing Mars, asteroid mining, orbital AI data centers
