Elon Musk prepares massive $2 trillion public listing for Mars mission | Today Show Australia

By TODAY

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Space exploration technology giant SpaceX is reportedly laying the groundwork for a historic initial public offering (IPO) that is anticipated to be the largest stock market float in global financial history. The highly anticipated prospectus details a staggering target valuation of up to $2 trillion, introducing unprecedented investment opportunities for retail and institutional investors worldwide. Joining the studio from Sydney, respected finance commentator and money expert Joel Gibson sits down with Channel 9 hosts Karl Stefanovic and Sarah Abo to dissect the intricate financials of the company. Gibson highlights that according to recent financial data from 2025, SpaceX achieved a revenue of $18.7 billion, but balanced this with a substantial $5 billion loss due to ongoing heavy research and development costs. The first quarter of 2026 indicates persistent capital burn, with a reported net loss of $4.3 billion. Despite these short-term financial headwinds, the ultimate objective

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