Core Insights - SpaceX is preparing for its initial public offering (IPO), aiming for a valuation of approximately $1.5 trillion and plans to raise over $30 billion, potentially making it the largest IPO in history [1][2] - The IPO timeline is projected for mid to late 2026, contingent on market conditions and the progress of the Starlink and Starship projects [1] - Elon Musk currently holds about 42% of SpaceX, which could increase his net worth significantly if the IPO valuation is realized [1][2] Group 1 - SpaceX's IPO is expected to be a historic event, with a target valuation of $1.5 trillion and fundraising exceeding $30 billion [1] - The company has been cash flow positive for several years and conducts stock buybacks twice a year [1] - The primary revenue source for SpaceX remains the commercial Starlink satellite internet service [1] Group 2 - Musk refuted claims that SpaceX relies on NASA subsidies, stating that NASA's contribution to total revenue will not exceed 5% next year [2] - If the IPO is successful, Musk's net worth could rise from $460.6 billion to approximately $952 billion, positioning him close to becoming the world's first trillionaire [2] - The IPO marks a significant milestone for SpaceX, which has been in operation for nearly 25 years, as it moves towards the public market [2]