SpaceX, Elon Musk's rocket and satellite company, has broken its financial silence as it prepares for what could be one of the largest IPOs in history. The company revealed revenue of $18.7 billion in 2025, up 33% from the previous year, while disclosing plans to raise $50-75 billion in its upcoming public offering.

Financial performance shows a challenging path to profitability. Despite impressive revenue growth, SpaceX lost $4.9 billion last year compared to a $791 million profit in 2024. The company's valuation stands at $1.25 trillion, with Musk controlling more than 85% of shareholder votes through super-voting shares, making this truly his company.

The IPO could create generational wealth for investors, employees, and Musk himself, whose stake is worth more than $635 billion at current valuations. Goldman Sachs will lead the offering, potentially paving the way for other massive tech IPOs from AI companies like Anthropic and OpenAI in the coming months.