The IPO application documents secretly submitted by SpaceX reveal that the company plans to consolidate founder Musk's control after going public by granting him and a small number of insiders super-voting shares. After the IPO, Musk will continue to hold multiple positions. The company aims for an estimated valuation of approximately $1.75 trillion and plans to raise $75 billion in financing. Some executives are pushing for the listing, and a three-day meeting for Wall Street analysts will be held this week. SpaceX will adopt a dual-class share structure to limit the influence of public shareholders on the company's strategy and management. The application documents publicly disclose the company's financial situation for the first time. As of the end of 2025, the consolidated company holds approximately $24.8 billion in cash, with total assets of $92 billion and total liabilities of $50.8 billion. The Starlink business achieved billions of dollars in profit last year, offsetting significant losses following the acquisition of xAI.