Rafe Rosner-Uddin and Ian BottJun 11, 2026 – 11.42amAt the heart of Elon Musk’s ambitions to send humans to Mars — and propel SpaceX to the largest initial public offering in history — is a gargantuan 124-metre-tall rocket known as Starship.The AI-to-satellite conglomerate led by the world’s richest person has ploughed more than $US15 billion ($21 billion) into developing the largest rocket ever built. In regulatory filings for its IPO this month, SpaceX described the vehicle as central to its plans for future growth.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
SpaceX has markets hyped, but Musk’s tech is doubtful
The billionaire’s largest rocket must prove it can routinely fly before the company can deliver on its biggest promises.
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