Elon Musk's SpaceX has successfully launched its Starship V3 rocket, which landed in a planned fiery explosion on Friday.

SpaceX's IPO prospectus revealed Elon Musk is barely borrowing against his shares, leading Bloomberg to add $45 billion to its net worth estimate.

As you can see, the only profitable segment at the moment is the Connectivity segment, which is mainly Starlink broadband revenues. Unlike the other segments, SpaceX disclosed the 2025 growth rate for Connectivity, which saw revenue increase 49.8% and operating income grow by 120.4%.

What S&P Sector is SpaceX likely to be in once it launches on the public markets.

Watch stunning footage of SpaceX's Starship V3 megarocket as it undergoes crucial pre-launch tests. The video highlights the wet dress rehearsal, the stacking of the vehicle, and the powerful static fire tests of both the Super Heavy booster and the Starship upper stage.

The stock market has spent the past year rewarding companies tied to artificial intelligence, data centers, and energy infrastructure. Yet all of those themes may soon take a back seat to a single IPO.

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.

SpaceX filed for an initial public offering on Wednesday, as the Elon Musk-owned rocket manufacturer moves to raise more capital for its space, AI and satellite ventures. The move comes after SpaceX filed a confidential IPO with the Securities and Exchange Commission last month.

In late May 2026, a Falcon 9 rocket lifted off from Space Launch Complex 40 at Cape Canaveral, Florida, carrying a batch of Starlink internet satellites. Roughly eight and a half minutes later, the first-stage booster,