SpaceX investors could get their first real look at company finances as early as Wednesday. The Elon Musk-led rocket manufacturer is expected to make its IPO paperwork public, offering a rare window into an enterprise that has long operated largely off the books. The company is targeting what could be a record-setting debut on the public market.

IPO filings reveal revenue, debt, and growth projections — details that matter enormously for a company funded through billions in venture capital and government contracts. Investors will dissect every line of the S-1 for clues about whether SpaceX can sustain its launch cadence and justify a sky-high valuation.

A Wednesday filing sets the stage for pricing talks. How SpaceX values itself ahead of what it calls a record-setting debut will tell the market whether those expectations are grounded or built on hype.