Article #32122

Prospectus for tycoon’s sprawling empire reveals his plan to keep control – and ambition to colonise Mars

• SpaceX reveals plan for $1.75tn stock market debut

• Business live – latest updates

Elon Musk’s SpaceX has revealed plans for a highly anticipated $1.75tn (£1.3tn) flotation next month as he seeks investor backing for his quest to make life “multiplanetary”.

SpaceX is a sprawling business, encompassing the eponymous rocket launch company, the Starlink satellite broadband service, Musk’s xAI artificial intelligence startup and the social media platform X, formerly known as Twitter.