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Documents submitted to the US Securities and Exchange Commission (SEC) indicate that SpaceX intends to launch its shares on the Nasdaq with the ticker symbol SPCX in June this year.
The firm has not yet revealed its anticipated valuation or the proposed offering price. The Wall Street Journal reports that it aims for a valuation of $1.5 trillion or higher during the IPO. In February this year, SpaceX purchased Musk's AI company xAI, estimating the total company worth at $1.25 trillion.
Bloomberg reports that SpaceX's IPO might hit $75 billion, exceeding the former record of $29 billion established by Saudi Aramco in 2019.
SpaceX's initial public offering prospectus reveals that the firm boosted its revenue in 2025 by 33%, reaching $18.67 billion. Nonetheless, it recorded a net loss of $4.94 billion because of substantial research and development costs. In 2024, SpaceX announced a profit of $791 million.
During the initial quarter of this year, the firm's net loss amounted to $4.3 billion against revenue of $4.7 billion.
As stated in the IPO prospectus, Musk, who established SpaceX in 2002 with the goal of colonizing Mars and is its CEO, exercises strict control over the company's management and ownership framework. As of May 1, he holds the largest share in SpaceX, managing 85% of the voting rights.
Musk also leads the eight-member board of directors for the company.
The IPO prospectus reveals that agreements with US government entities, such as NASA, the Pentagon, and intelligence agencies, made up 20% of SpaceX's earnings in the previous year.
source: wsj.com, bloomberg.com
The firm has not yet revealed its anticipated valuation or the proposed offering price. The Wall Street Journal reports that it aims for a valuation of $1.5 trillion or higher during the IPO. In February this year, SpaceX purchased Musk's AI company xAI, estimating the total company worth at $1.25 trillion.
Bloomberg reports that SpaceX's IPO might hit $75 billion, exceeding the former record of $29 billion established by Saudi Aramco in 2019.
SpaceX's initial public offering prospectus reveals that the firm boosted its revenue in 2025 by 33%, reaching $18.67 billion. Nonetheless, it recorded a net loss of $4.94 billion because of substantial research and development costs. In 2024, SpaceX announced a profit of $791 million.
During the initial quarter of this year, the firm's net loss amounted to $4.3 billion against revenue of $4.7 billion.
As stated in the IPO prospectus, Musk, who established SpaceX in 2002 with the goal of colonizing Mars and is its CEO, exercises strict control over the company's management and ownership framework. As of May 1, he holds the largest share in SpaceX, managing 85% of the voting rights.
Musk also leads the eight-member board of directors for the company.
The IPO prospectus reveals that agreements with US government entities, such as NASA, the Pentagon, and intelligence agencies, made up 20% of SpaceX's earnings in the previous year.
source: wsj.com, bloomberg.com
