SpaceX Files for IPO Targeting Up to $80 Billion Raise

SpaceX filed publicly for an initial public offering on Wednesday. A roadshow is expected to begin June 4, with pricing the following week and a Nasdaq debut under the ticker SPCX set for June 12. The company seeks to raise up to $80 billion at a valuation that could near $2 trillion. Secondary trading on private markets valued the firm at $1.7 trillion as of the most recent transactions.

Operating Officer Gwynne Shotwell and Chief Financial Officer Bret Johnsen each hold stakes that could exceed $1 billion after the offering, according to the Financial Times. Director Luke Nosek holds a stake valued at about $5 billion. Hedge fund Darsana Capital Partners first invested in 2019 and could record paper gains above $10 billion.

D1 Capital Partners holds gains of about $9 billion on an initial $600 million investment, the Wall Street Journal reported.

SpaceX reported revenue of $18.7 billion last year, up more than 30 percent, while posting a net loss of $4.9 billion. Starlink generated $4.4 billion in profit. The company accounted for more than 80 percent of global rocket launches last year and operates more than 10,000 Starlink satellites. It serves as a launch provider for NASA and the Pentagon.