From Echo Wang and Mania Saini

May 20 (Reuters) - SpaceX on Wednesday unveiled its initial public offering filing, revealing the company's track record of having already revolutionized rocket technology, with even bigger ambitions to colonize Mars and build artificial intelligence data centers in space.

The listing is expected to be the first trillion-dollar US IPO and could pave the way for a number of other mega-IPOs in the coming months, including likely tech giants OpenAI and Anthropic. The sale would immediately cement SpaceX's position as one of the world's most valuable listed companies and the second company in Elon Musk's vast business empire to reach a trillion-dollar market capitalization.

SpaceX has grown to become the world's largest space company since its founding in 2002, launching thousands of Starlink internet satellites. Its pioneering use of reusable rockets has transformed the economics of space, forcing competitors like Jeff Bezos's Blue Origin to try to catch up.

SpaceX made its name by building rockets and launching satellites into space, but its IPO filing shows that most of its $18.67 billion in revenue last year came from its Starlink satellite internet service, while much of its future growth depends on artificial intelligence-related activities. Its startup unit, XAI, continues to incur losses.

A successful sale could value the company at a record $1.75 trillion, potentially putting its founder on track to become history’s first trillionaire, validating his years of challenging conventional wisdom by developing rockets that can land and take off again.

The company's regulatory disclosure comes during an important week for the rocket manufacturer, which is preparing to launch a test flight of its next-generation Starship rocket.

Musk's plans for lunar and Mars missions, as well as expanding his Starlink satellite internet service, depend on the new rocket. The test launch was originally scheduled for Tuesday, but is now expected within days.

The board gave Musk control of the company, but Reuters reported earlier that the board tied a large portion of his financial rewards to ambitious goals, including establishing a permanent human colony on Mars and building space data centers with computing power equivalent to 100 terawatts, or 100,000 one-gigawatt nuclear reactors.

Reuters reported last week that SpaceX is targeting a June 12 stock listing, with plans to launch a roadshow on June 4 and a share sale expected on June 11.

The company said it is targeting a potential total market of $28.5 trillion across its activities, with the majority of that potential revenue related to artificial intelligence.

The figures, which were disclosed to the public for the first time in its regulatory filing, confirm previous Reuters reports, showing how SpaceX relies on a Starlink-driven revenue base, but believes its long-term prospects are centered around artificial intelligence and related infrastructure operations, which are currently unprofitable activities.

If the targeted valuation of $1.75 trillion is achieved, it will surpass Saudi Aramco’s 2019 IPO, which set a record as the world’s largest initial public offering when the company was listed on the Riyadh stock exchange at $1.7 trillion.

Reuters previously reported that SpaceX plans to try to raise more than $75 billion in the offering.

SpaceX merged with Musk's artificial intelligence startup XAI in a deal that valued the rocket company at $1 trillion and the developer of the chatbot Grock at $250 billion.