SpaceX Shifts From Mars to Moon As IPO Looms: SPACX.PVT, TSLA

SpaceX (SPACX.PVT) is shifting its focus from Mars to the Moon as it prepares for an impending initial public offering. In a Super Bowl Sunday post on X.com, Elon Musk stated the rocket company is building a self-growing lunar city, taking about half the time of a Mars colony, which he once aimed to reach by 2026. The pivot comes as SpaceX seeks a potential June 2026 IPO, reportedly targeting a $1.5 trillion valuation and up to $50 billion in proceeds, the largest public offering in history. Musk’s ownership stake is expected to rise to about 42% before dilution, and a $1.6 trillion valuation would make him the first trillionaire. Background: SpaceX is advancing orbital data centers and Starlink, and earlier this month combined forces with xAI, creating a $1.25 trillion entity, the largest corporate merger by value in U.S. history.