SpaceX Files for IPO Valued at Up to $1.5 Trillion
SpaceX filed an S-1 registration statement on May 20 for an IPO scheduled for mid-June. The filing shows the company reported $18.7 billion in revenue and a $2.6 billion operating loss for the most recent period.
benzinga.comSpaceX filed an S-1 registration statement the evening of May 20 ahead of a planned mid-June IPO. 5 trillion or higher after the offering. The filing breaks the business into three segments: Space, Connectivity, and AI. 6 billion operating loss.
The Space segment manufactures and launches rockets for NASA and other customers. It posted losses during the period. The Connectivity segment, which operates the Starlink satellite network, generated nearly two-thirds of total revenue and was the only profitable division.
4 billion in revenue for 2025, up 50 percent from the prior year, and served more than 10 million subscribers by the end of Q1. 4 billion last year. 9 billion in operating losses. 7 billion in Q1 alone.
The S-1 states that Elon Musk will retain voting control after the IPO. 8 billion, or 78 percent of the expected $80 billion in gross proceeds, according to the filing. The remaining funds are designated for general corporate purposes, including further AI infrastructure spending.
Key Facts
Story Timeline
3 events- February 2026
SpaceX merged with xAI, increasing its private valuation by $250 billion.
1 sourceFortune - May 20, 2026
SpaceX filed an S-1 registration statement for a planned mid-June IPO.
1 sourceFortune - Q1 2026
Starlink reached 10 million subscribers and AI capital spending hit $7.7 billion.
1 sourceFortune
Potential Impact
- 01
SpaceX will allocate remaining IPO proceeds after paying $62.8 billion to early investors and creditors.
- 02
AI capital expenditures are projected to continue rising in coming quarters.
- 03
Starlink faces pricing pressure from terrestrial broadband providers.
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