SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first

FILE PHOTO: The SpaceX Starship and Super Heavy Booster creates sound waves as it lifts off on its 12th test flight from the SpaceX launch complex in Starbase, Texas, U.S., May 22, 2026.

Prospects for the company’s artificial intelligence business, which includes xAI and social media platform X, were uncertain given unclear economics and competition from OpenAI and Anthropic, the rese...