May 26, 2026, 12:56 AM EDT. Elon Musk's SpaceX plans a historic initial public offering (IPO) valued up to US$2 trillion, revealing financial details for its rocket, Starlink internet, and AI divisions. Starlink is currently the only profitable sector, with the company posting a US$2.59 billion loss on US$18.7 billion revenue in 2025. Early 2026 figures show losses mainly in the space and AI divisions but profits in connectivity. Australian investors can access the IPO through domestic brokers like CommSec, which will offer shares under an Australian-specific prospectus complying with local regulations. Shares won't be listed on the Australian Securities Exchange but will trade on NASDAQ, requiring an international shares account. The IPO represents a bet on long-term growth and SpaceX's ambitious multi-planetary mission rather than short-term profits.
