By Chris Isidore, CNN
(CNN) — SpaceX officially revealed its plans to go public on Wednesday, which would catapult Elon Musk’s already world-leading wealth to even greater heights.
Musk founded SpaceX in 2002, initially entirely focused on building rockets and delivering payloads to outer space. It became a telecommunications company in 2021, with its first customers for Starlink, its satellite-based internet service.
In February, Musk merged SpaceX with xAI, his artificial intelligence company, which includes his social media platform, X.
This is a developing story and will be updated.
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SpaceX files for stock sale that could make Musk a trillionaire News Channel 3-12.
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