SpaceX is accelerating plans to file for its historic IPO as early as Wednesday, aiming to raise up to $75 billion at a valuation exceeding $2 trillion, Bloomberg reports. The move signals a pivotal moment for Elon Musk’s company, which has transformed from a niche aerospace player to a dominant force in satellite tech and space exploration. If executed, this would mark the largest IPO in history, dwarfing even tech giants like Apple or Microsoft. A Nasdaq listing under the ticker SPCX is reportedly set, though details remain fluid.

The company’s IPO ambitions reflect its meteoric rise, driven by Starlink’s satellite internet network—now the largest in low-Earth orbit—and its rocket launch services generating near $20 billion in projected 2026 revenue. SpaceX also owns xAI’s Grok AI, acquired via stock in February, though the AI division’s revenue is expected to remain modest compared to core operations. The inclusion of major banks like Goldman Sachs and JPMorgan in the IPO advisory underscores the scale of the undertaking. Regulatory hurdles and market volatility could still reshape the plan, but the timing aligns with Musk’s broader goal of establishing a multiplanetary civilization.

For investors, the IPO represents both opportunity and risk. A successful offering could cement SpaceX’s role in shaping the future of space and AI, but valuations at trillion-dollar levels invite scrutiny. Competitors like Blue Origin and regulatory bodies may react, while Starlink’s global expansion and xAI’s development add layers of complexity. The market’s reaction to SPCX could redefine expectations for tech-driven IPOs in an era of rapid innovation.