SpaceX confirmed its plan to take the company public in a securities filing Wednesday, which would allow the public to purchase shares of its stock for the first time in company history.

The initial public offering could make CEO Elon Musk the world’s first trillionaire, and the offering is expected to take place next month. Musk previously indicated that he hoped the offering would bring in $50 billion to $75 billion, but the new filing did not include an estimated offer.

The offering is expected to be the largest ever for a public offering debut. Saudi Aramco’s debut currently holds the record at $29 billion.

The filing also gave potential buyers a glimpse at the company's financial situation, revealing that the company reported a net loss of $4.3 billion for the three months ended March 31. However, SpaceX made $18.6 billion in revenue in 2025, which marked a 33% increase from 2024.

SpaceX is expected to trade on the Nasdaq exchange under the ticker symbol SPCX, according to the filing, and will debut on the retail trading platforms Schwab, Fidelity, Robinhood, SoFi and E*Trade.

Under the IPO, Musk is still expected to hold 85% of voting control over SpaceX and be its CEO, chairman and chief technology officer.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.