SpaceX Files for IPO, Plans to Trade as SPCX on Nasdaq

SpaceX confirmed plans to sell shares of its stock to the public for the first time, according to a securities filing released Wednesday. The filing outlines the company’s fundamentals ahead of an initial public offering expected to take place next month. 4 billion IPO in 2020.

3 billion for the three months ended March 31. 6 billion in revenue for 2025, a 33 percent increase from the prior year. The filing does not specify how much the company aims to raise. SpaceX is expected to trade on the Nasdaq exchange under the ticker symbol SPCX.

Following the IPO, CEO Elon Musk is expected to hold 85 percent voting control and continue as chief executive, chairman and chief technology officer. The company plans to offer shares to retail investors through platforms including Schwab, Fidelity, Robinhood, SoFi and E*Trade.

3 million subscribers, and acquired xAI in February. The filing notes ongoing investigations into Grok chatbot capabilities related to nonconsensual sexualized deepfakes. A worker at a SpaceX facility in Texas died last week after falling from scaffolding. The company spent $15 billion developing its Starship rocket.

“We aim to evolve X into an ‘Everything App,’ integrating real-time information, communications, media, payments, banking, commerce and more within one consumer experience.”