In a S-1 filing replete with glossy photos of rockets and space, SpaceX gave investors the first peek at its business financials and plans for a massive IPO.

Anthropic will pay Elon Musk’s SpaceX $1.25 billion a month over the next three years to rent space at the company’s xAI data centers, an IPO filing has revealed.

SpaceX had a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, compared with a net loss of $528 million on revenue of about $4 billion a year earlier, the filing shows.

Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available.

Elon Musk's rocket company, recently merged with xAI, is aiming to raise $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs from AI companies expected this year.

If SpaceX’s IPO goes off as planned, it’ll be a pivotal moment for many of the company’s thousands of employees, who’ll finally be able to sell shares into the public market.

Elon Musk’s companies, from SpaceX to Tesla, are overly reliant on the world’s richest man. He gets investors excited, makes Wall Street listen and can strike partnership agreements with major companies like Intel.