The move, first reported by Reuters, could result in the largest stock market listing in history, potentially surpassing the record set by Saudi Aramco in 2019.

The IPO is expected to value SpaceX at around $1.75 trillion (approximately ₹145 lakh crore), placing it among the most valuable companies globally.

A significant portion of this valuation is attributed to Starlink, the company's satellite internet division. With nearly 90 lakh (9 million) subscribers worldwide, Starlink has emerged as a key revenue generator, especially in regions affected by conflicts and limited connectivity.

Analysts believe the steady, subscription-based model of Starlink strengthens SpaceX's financial outlook and makes its high valuation more appealing to investors.

The valuation surge also follows a strategic merger between SpaceX and xAI, Musk's artificial intelligence venture known for developing the Grok chatbot.

The integration of advanced AI capabilities with space infrastructure is expected to position the combined entity as a dominant force in both terrestrial and orbital technology sectors.

Among the most futuristic aspects of the IPO filing is SpaceX's plan to deploy artificial intelligence data centres in orbit. The company has reportedly sought permission to launch up to one million solar-powered satellites that could function as space-based computing hubs.

Such a system could shift energy-intensive computing tasks away from Earth, potentially addressing concerns around power consumption and environmental impact.

If realised, this would mark a significant leap in both space technology and global data infrastructure.

Despite opening up to public investment, Elon Musk is expected to retain firm control over the company through a dual-class share structure.

This system allows founders and key executives to hold shares with higher voting rights, while public investors receive shares with limited voting power. The arrangement ensures that Musk can raise capital without relinquishing decision-making authority.

Investor enthusiasm remains high, driven by confidence in Musk's ecosystem of companies—often referred to as 'Muskonomy'—which includes ventures like Tesla and Neuralink.

The company is expected to provide more clarity on its financials and long-term strategy during an 'Analyst Day' scheduled for April 21.

The IPO comes at a time of renewed global interest in space exploration, with NASA advancing its Artemis programme, including the recent Artemis 2 mission aimed at sending astronauts around the Moon.

This broader momentum in the space sector could further boost investor confidence in SpaceX's long-term growth potential.

SpaceX's proposed IPO marks a pivotal moment in the evolution of the private space industry. With a massive valuation, ambitious technological goals, and strong investor interest, the listing could redefine the scale and scope of public investment in space and artificial intelligence.