SpaceX Files for IPO on Nasdaq with Ticker SPCX

SpaceX filed its S-1 prospectus with the SEC on May 20, 2026, beginning the process for a potential listing on the Nasdaq stock exchange under the ticker SPCX. The filing provides the first detailed financial picture of the company. SpaceX reported $18.67 billion in revenue for 2025, with Starlink satellite internet contributing more than $11 billion.

The company posted a net loss of more than $4.9 billion for the year. Capital expenditures reached $20.7 billion, up from $11.2 billion in 2024. xAI, which recently merged with SpaceX, reported revenue growth of 22 percent while posting losses in the billions.

Musk’s supervoting shares will give him 85 percent control of the company, according to the filing. The document also lists SpaceX president Gwynne Shotwell and CFO Bret Johnson among the leadership. The board of directors includes Google executive Donald Harrison, Tesla board member Ira Ehrenpreis, and investors Randy Glein, Antonio Gracias, Steve Jurvetson, and Luke Nosek.

SpaceX described its mission to investors as building systems to make life multiplanetary and to extend the light of consciousness to the stars. The filing identifies a total addressable market of $28.5 trillion, including $370 billion from space activities, $1.6 trillion from Starlink connectivity, and $26.5 trillion from AI-related opportunities.

“Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”

Rumors preceding the filing had pointed to a possible $1.75 trillion valuation and a $75 billion raise. The public filing now supplies concrete financial data behind those estimates.