finance
SpaceX Plans Nasdaq Listing as Early as June
SpaceX intends to list shares on Nasdaq under ticker SPCX. The offering targets a valuation between $1.75 trillion and $2 trillion.
May 25, 4:49 AM·1m read1 source
Al JazeeraAudio version
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SpaceX plans to list its shares on the Nasdaq exchange under the ticker SPCX as early as June. The company has not yet confirmed an exact date. The offering is expected to raise more than $80 billion. Twenty-three financial institutions, including Goldman Sachs, Morgan Stanley, Citigroup, JP Morgan, and BofA Securities, are underwriting the deal.
Company Background SpaceX was founded in 2002.
It designs and launches rockets, spacecraft, and reusable launch vehicles. Since 2006 the company has partnered with NASA to deliver cargo and crew to the International Space Station. SpaceX also operates Starlink for internet services and xAI for artificial intelligence platforms.
An IPO allows a private company to sell shares to the public for the first time. After the listing, shareholders will gain voting rights at SpaceX annual meetings. 6 billion in revenue for 2025, up from $14 billion the prior year. 3 billion in the first quarter of 2026.
SpaceX’s SEC filing states the firm aims to “make life multiplanetary” and build a human colony on Mars. The filing also notes that acquisitions may not achieve anticipated benefits. Gary Ng, senior economist for Asia Pacific at Natixis, said the IPO is a landmark deal for the space economy and that investors worldwide are watching the transaction.
