Elon Musk’s Mars Mission, SpaceX Becomes the World’s Most Valuable Company | OneNews Update

Added: 2026-05-26

[00:00:29]SpaceX announced its IPO filing on Wednesday, May 20, opening the books of the company that revolutionized rocket technology, with even bigger ambitions to colonize Mars and build AI data centers in space.

[00:00:43]>> [music] >> The stock listing could become the first trillion-dollar US market debut and may pave the way for several monumental IPOs in the coming months, including potential listing from tech giants OpenAI and Anthropic.

[00:01:12]>> [music] [music] >> The offering will soon establish SpaceX as one of the world's most valuable public companies, becoming the second company in Elon Musk's businesses empire to surpass a $1 trillion market valuation.

[00:01:41]The filing confirmed a series of recent Reuters reports regarding the IPO.

[00:01:56]SpaceX has grown into the world's largest space business since its founding in 2002 by launching thousands of Starlink internet satellites.

[00:02:15]>> [music] >> Its innovative reusable rocket technology has transformed the space economy, forcing competitors such as Jeff Bezos' Blue Origin to catch up.

[00:02:32]>> [music] >> Although SpaceX is widely known for building rockets and launching satellites into space, most of its $18.67 billion revenue last year came from its Starlink satellite internet business.

[00:02:49]Well, much of its future growth is expected to rely on AI-related businesses.

[00:03:07]So, so what what this is really intended to do is to encourage uh innovation in in transport technology. Uh it's to get people excited about new forms of transport.

[00:03:24]The newly established X AI unit operating at a loss, according to the filing.

[00:03:36]>> [music] >> A successful sale could value the company at an extraordinary $1.75 trillion, potentially putting its founder on track to become the first trillionaire in history, validating years of efforts that challenged conventional thinking through the development of rocket capable of landing and being reused.

[00:04:05]>> [music] >> The company's regulatory disclosure comes during a critical week for the rocket manufacturer, which is preparing to launch the next generation Starship rocket test flight.

[00:04:29]Musk's plan for missions to the moon and Mars, as well as expanding the Starlink satellite internet business, depend heavily on the new rocket.

[00:04:38]>> [music] >> The test launch originally scheduled for Tuesday is now expected to take place later this weekend.

[00:05:00]The board of directors has granted Musk control over the company, while tying much of his compensation to ambitious targets involving the creation of a permanent human colony on Mars and the development of space-based data centers powered by computing capacity equivalent to 100 terawatts or 100,000 1 gigawatt nuclear reactors, as previously reported by Reuters.

[00:05:26]We're here because people love this technology. We think it can be a pretty impressive one. We have to work together to make it so. [music] One of the reasons for this trip was to get to talk to leaders around the world about what we think needs [music] to happen globally. I came into the trip