SpaceX is poised to make history with its upcoming stock market debut, setting a record as the largest initial public offering (IPO) ever. The company has priced its shares at $135 each, valuing SpaceX at an astonishing $1.77 trillion. This major offering aims to generate up to $75 billion, catapulting the company into the ranks of the world’s most valuable publicly traded entities and significantly boosting the fortune of its founder, Elon Musk.

Despite its impressive valuation, SpaceX is not yet profitable, having reported an operating loss of $2.6 billion against revenue of $18.7 billion last year. The company anticipates ongoing losses through 2026. However, investors remain optimistic, driven by SpaceX’s potential for long-term growth in areas such as space exploration, satellite communications, and artificial intelligence. Musk is expected to maintain more than 80% of the company’s voting power post-IPO, ensuring he retains control through his Class B shares.

The funds from this IPO are earmarked for expanding SpaceX’s rocket and AI capabilities, enhancing the Starlink satellite network, and supporting future lunar and Martian missions. These efforts align with the company’s ambitious goal of establishing a permanent human settlement on Mars. Artificial intelligence plays a crucial role in SpaceX’s growth strategy, with the company identifying significant opportunities in AI technologies and infrastructure that could substantially drive future revenues.

SpaceX plans to list its shares on the Nasdaq stock exchange under the ticker symbol “SPCX.” Trading could commence as soon as next week, marking a significant moment for public markets. The IPO is expected to be a major milestone, potentially opening doors for other prominent technology and AI companies considering public listings.