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SpaceX Files for IPO, Targeting Mid-June Trading
The rocket and satellite company has moved up its long-awaited public offering schedule after a faster-than-expected SEC review. SpaceX aims to begin marketing on June 4, price shares as early as June 11 and start trading on Nasdaq under ticker SPCX on June 12. The offering seeks to raise roughly $75 billion at a valuation of about $1.75 trillion.
May 15, 3:50 PM·1m read4 sources
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U.S. Securities and Exchange Commission. The company has moved up its IPO schedule and now plans to make its prospectus public as soon as next Wednesday.
It is targeting the start of its investor roadshow on June 4, could price its IPO as early as June 11 and could begin trading as early as June 12. The revised timeline is weeks ahead of the company’s earlier target of late June, which had been loosely aligned with Musk’s birthday. SpaceX has picked Nasdaq for its IPO and will list under the ticker SPCX.
Reuters first reported in March that SpaceX was favoring Nasdaq for the listing. The company has filed confidentially to go public. SpaceX is seeking to raise as much as $75 billion at a valuation of more than $2 trillion.
75 trillion. Details of the IPO including the size and timing could still change. , JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO and has added more banks to the lineup.
A representative for SpaceX didn’t immediately respond to a request for comment. Nasdaq declined to comment. The company’s rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026.
XAI is likely to generate less than $1 billion in 2026. SpaceX owns the Grok AI assistant following an all-stock acquisition in February of xAI. SpaceX holds 8,285 bitcoin valued at roughly $656 million.
The bitcoin are held in Coinbase Prime custody. 63. SpaceX has grown from a relative underdog in the space industry to an aerospace behemoth with billions of dollars in government contracts and serves as a backbone for America’s space program.
In addition to its rocket launch business, SpaceX’s satellite-based Starlink internet broadband service operates the largest network of satellites in low-Earth orbit and is a crucial source of revenue.
