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SpaceX Files S-1 Registration Statement with SEC
SpaceX submitted its S-1 registration statement to the Securities and Exchange Commission on Wednesday. The filing begins the process for a planned initial public offering of Class A common stock.
May 21, 6:00 PM·1m read1 source
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SpaceX filed its S-1 registration statement with the Securities and Exchange Commission on Wednesday. , seeks to list Class A common stock on Nasdaq and Nasdaq Texas under the ticker symbol SPCX. Goldman Sachs, Morgan Stanley, and Bank of America are leading a syndicate of more than 20 underwriters. Specific share counts and price ranges were left blank in the preliminary prospectus.
7 billion in consolidated revenue in 2025. 4 billion in operating income. 6 billion consolidated loss from operations, driven by $3 billion in research and development spending on the Starship program. 6 billion for the year. 3 million subscribers across 164 countries and territories and operated approximately 9,600 satellites.
SpaceX will maintain a dual-class share structure. Class A shares carry one vote per share while Class B shares, held by Musk, carry 10 votes per share. The company stated it will qualify as a controlled company under Nasdaq rules. 5 trillion attributed to AI applications.
The company plans to begin deploying orbital AI compute satellites as early as 2028. Starship is expected to begin payload delivery to orbit in the second half of 2026.
