finance
SpaceX Files for IPO and Plans Nasdaq Listing Under Ticker SPCX
SpaceX filed a prospectus with the Securities and Exchange Commission on Wednesday to list on the Nasdaq under ticker SPCX. The filing follows a confidential submission in April and comes after the company was valued at $1.25 trillion in February.
May 20, 5:00 PM·1m read1 source
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SpaceX filed a prospectus with the Securities and Exchange Commission on Wednesday to list on the Nasdaq under ticker SPCX. 25 trillion in February. Goldman Sachs is the lead underwriter on the prospectus, followed by Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase. Follow-up filings are expected to provide the per-share pricing range and additional details on major shareholders.
SpaceX was founded by Elon Musk in 2002 to develop and operate reusable rockets. The company has become NASA's largest launch partner since the agency ended its space shuttle program in 2011. SpaceX operates the Starlink satellite internet service and maintains a constellation of around 10,000 satellites.
It also includes an artificial intelligence unit, xAI, which previously acquired the social network X.
The IPO is expected to be the first of three potential large offerings this year, with OpenAI and Anthropic also considering public listings. CNBC reported last week that SpaceX aims to begin a roadshow to market the deal on June 8.
