Musk's SpaceX files for record $75bn IPO with trillionaire incentives

SpaceX is preparing what would be the largest IPO in history, targeting around $75-80 billion at a $1.75 trillion valuation. The filing includes extraordinary governance provisions that could grant Musk up to 260 million additional shares if he hits extreme milestones: a Mars colony with 1 million residents and space-based data centres with 100 terawatts of computing capacity. With retail allocations reaching 30% of the offering, SpaceX is betting Musk's army of followers can absorb trillion-dollar scale risk. The move could push Musk's net worth past $1 trillion even before the shares trade.