Kathmandu. Elon Musk’s rocket and satellite company ‘Space X has unveiled plans for a long-stalled initial public offering (IPO) and revealed details about the company’s financial position and leadership system. According to CNN’s report, the company has previously released confidential board members, sales, profits, expenses and business model details for the first time.

Although the IPO is seen as the largest IPO in the history of the world, the company has not disclosed how much money it is trying to raise and how much it will be valued. The announcement will be made just before the issue of shares. 

The company has published a 277-page detailed account of its business. According to the details, Elon Musk is the company’s chairman and chief operating officer (COO) Gwyn and Shotwell.

Space X has an ambitious goal in its catalog to make life multi-planetary, to understand the true nature of the universe, and to spread the light of consciousness to stars. To achieve this goal, the company plans to continue the rapid production and launch of satellites to further strengthen its Starlink communications technology, and develop truth-seeker artificial intelligence, which will use the sun’s energy to advance scientific discovery. Eventually, the company aims to build base camps on the moon and cities on other planets.

The IPO is expected to bring in a large amount of capital and make Musk the world’s first trillionaire (trillionaire). Musk merged SpaceX with his AI and the social media company {{} because of his belief in SpaceX’s AI and the social media company {{}.As a result, the valuation of the consolidated company reached $ 1.25 trillion US dollars at that time.

Musk owns a large stake in the company.With an ownership of 12.3 percent in ordinary shares and 10votes per share, Musk controls 85.1 percent of the company’s total voting power, ensuring that he has sole control over the company even after the IPO. Gracias is the company’s second-largest shareholder with 7.3 percent of the ordinary shares through Valor Entities.

In financial terms, SpaceX earned $18.7 billion last year, up 33 percent from the previous year.However, the company has not yet been able to make a profit. The company, which made a profit of $791 million in 2024, lost $4.9 billion in 2025 and lost $4.6 billion in 2023.

This loss is sure to continue into 2026, as the company reported a loss of $4.3 billion on revenue of $4.7 billion in the first three months of this year.Last year, the company spent a total of $20.7 billion, the bulk of which ($12.7 billion) was invested in AI technology.

Apart from this, $ 4.2 billion was spent on Starlink and $ 3.8 billion on other space missions, including rockets.This capital expenditure is almost double the $11.2 billion in 2024 and much higher than the $4.4 billion in 2023. In the first three months of this year, the company has spent $ 10.1 billion, of which $ 7.7 billion has been spent on AI alone. Despite such a huge loss, SpaceX claims that it will not always be a loss in the future.

The company has pointed out a huge revenue opportunity of $ 28.5 trillion in the coming days. SpaceX has described it as “the largest and most actionable market opportunity in human history”.