[DigitalToday reporter Jinju Hong (홍진주)] SpaceX disclosed a detailed roadmap in an S-1 filing for an initial public offering, including timelines for Starship, Starlink, space data centers and expanded AI investment. The listing document covers not only performance but also the timetable for SpaceX's core businesses in the coming years, drawing market attention. Business Insider reported the details on May 21 (local time).

The first schedule to stand out is Starship. SpaceX said it expects its next-generation reusable launcher to begin orbital transport missions carrying real payloads from the second half of 2026. Starship is currently in the test-flight stage, with the next test launch scheduled for May 22.

Starship was presented as a central pillar of SpaceX's overall business structure, not just a rocket. The company plans to transport both next-generation Starlink satellites and space-based data centers using Starship. It said a large AI computing satellite business would be economical only if Starship's fully reusable system is secured.

SpaceX also disclosed the schedule for next-generation Starlink. It projected that V3 broadband satellites would provide download capacity of about 1 Tbps per satellite. The company said it plans to deploy V3 satellites using Starship from the second half of 2026. The filing said a single Starship launch can carry up to 60 V3 satellites into low Earth orbit.

Starlink is currently SpaceX's biggest cash-generating business. Space-based AI computing and data center businesses, by contrast, require massive capital investment. The market is therefore producing analysis that the Starship development schedule is a factor that affects SpaceX's overall profit structure and investment plans, beyond being a simple space project.

The document also includes an AI investment timeline. SpaceX said in April it secured the right to acquire the AI coding startup Cursor in a deal valued at $60 billion. If it drops the acquisition, it must pay a penalty of about $10 billion. The filing says SpaceX must decide within 30 days whether to proceed with the acquisition, based on the earlier of seven days after the listing or Sept. 30, 2026.

Follow-on plans were also detailed for 'Starlink Mobile', a business that connects directly to smartphones. SpaceX said it plans to deploy V2 satellites via Starship in 2027. It expects the project to be affected by securing radio spectrum usage rights, regulatory approvals and progress in Starship development.

A contract with EchoStar was also cited as a key variable. Once completed, the deal would allow direct broadband connectivity to smartphones via Starlink satellites. The U.S. Federal Communications Commission approved the related transaction in May, and SpaceX expects the contract to close on Nov. 30, 2027.

The filing also disclosed a financial schedule. It said SpaceX raised $20 billion to repay borrowings related to X and xAI. The debt matures in September 2027 and includes an option to extend it until March 2028. The market is producing assessment that this shows a structure in which SpaceX supports expanded AI investment on the back of satellite communications and space-business revenue.

The longest-term plan is a space-based data center. SpaceX projected it could deploy solar-powered orbital data centers as early as 2028. It said this also depends on whether Starship development succeeds. The filing repeatedly stressed that most key businesses, from next-generation Starlink deployments to AI satellites and space data centers, are tied to completion of Starship's reusable system.

The market is focusing on the aggressive nature of SpaceX's core business timelines revealed through the S-1 document. Elon Musk previously said in 2020, "Getting timelines exactly right is not my strength, but I eventually get it done." Business Insider said the IPO filing shows SpaceX's expansion is set against a tight set of deadlines, as in that remark.