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Elon Musk can’t hear you over the sound of his $1.75 trillion IPO

TechCrunch AI Theresa Loconsolo, Kirsten Korosec, Sean O'Kane, Anthony Ha May 22, 2026
Elon Musk can’t hear you over the sound of his $1.75 trillion IPO
AI Summary— plain English for professionals

# SpaceX Files to Go Public in Massive Deal Elon Musk's SpaceX has filed paperwork to become a public company in what could be the largest IPO in U.S. history, with a valuation around $1.75 trillion. The company's ambitions extend far beyond rockets—its filing mentions a $28 trillion potential market and even ties executive pay to establishing a Mars colony. For investors and business watchers, this signals SpaceX sees itself as far more than a space launch company.

The SpaceX S-1 is finally here, and the story it tells goes way further than rockets. The filing runs to 36 pages of risk factors alone, and the numbers inside match the ambition: a $28 trillion total addressable market, a pay package tied to establishing a Mars colony, and a valuation target that w

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