GreenergyDaily

May. 21, 2026

SpaceX has officially filed for its historic IPO, which could become the largest in history. The company's valuation is expected to reach between $1.75 trillion and $2 trillion, and this IPO could ultimately make Elon Musk the world's first trillionaire.

The company's IPO prospectus has revealed extensive financial ties among Musk's businesses. In the clean energy sector, these interconnected deals have already reached hundreds of millions of dollars.

Specifically, SpaceX and its xAI subsidiary collectively bought about $650 million in goods and services from Tesla last year, which included $506 million in Megapack battery systems purchased by xAI.

At the same time, SpaceX spent $131 million to buy Tesla's stainless-steel Cybertrucks at suggested retail prices.

The filing also showed Tesla owns nearly 19 million shares of SpaceX Class A stock, representing less than 1% ownership after the offering, following a $2 billion investment in SpaceX earlier this year.

Tesla is building a solar factory to scale toward a 100-gigawatt-per-year domestic manufacturing target. The hardware is designed to power large-scale data centers in orbit around the Earth.

Shortly after the prospectus was released, Wedbush analyst Dan Ives and his team issued a research report predicting that Tesla and SpaceX will merge in 2027.

Ives noted that Elon Musk aims to secure greater dominance in the AI ecosystem, with the ultimate goal of combining these two disruptive giants.