SpaceX has filed financial information with regulators for an initial public offering (IPO) that could raise up to $75 billion, making it potentially the largest IPO in history. The company is seeking to value itself at over $1 trillion, which would make it one of the most valuable companies globally and surpass Elon Musk's electric-vehicle company, Tesla.
Key Takeaways
SpaceX has filed for an initial public offering (IPO) that could raise up to $75 billion, potentially making it the largest IPO in history. The company aims to be valued at over $1 trillion, with Elon Musk retaining 85% voting control.
- SpaceX's IPO filing reveals extensive commercial and financial ties among Elon Musk's companies.
- Only Starlink turned a profit of $1.1 billion; the company lost $4.3 billion overall in Q1 2026.
- The IPO could make Elon Musk the first trillionaire if successful.
- SpaceX plans to use proceeds for interplanetary travel, including Mars colonization and lunar missions.
The IPO, expected to debut on the Nasdaq under the ticker symbol 'SPCX' in mid-June according to multiple reports, would massively enrich Musk. He has a controlling interest in SpaceX, with 85% voting power as reported by NPR and UPI, and will retain his roles as CEO, chief technology officer, and chairman.
The company's financial documents reveal that while it generated $4.7 billion in sales during the first quarter of 2026 according to multiple reports, two of its three main businesses lost money: its rocket launching business lost $657 million, and its AI business lost nearly $2.5 billion as reported by NPR. Only its satellite communications business, which runs internet service provider Starlink, turned a profit of $1.1 billion according to multiple reports. Overall, the company lost $4.3 billion between January and March.
The IPO filing emphasizes interplanetary travel as a potential future opportunity, including lunar missions and Mars settlement. SpaceX is among the most powerful private tech companies driving the AI boom. In addition to making reusable rockets and running its Starlink satellite communications platform, the company last year also merged with Musk's artificial intelligence company, xAI.
The biggest U.S. IPO to date was Alibaba's $22 billion offering in 2014, and the current record for the largest IPO is held by Saudi Aramco, which raised $25.6 billion in 2019 as reported by CBS News. Investors are counting on SpaceX to breathe life into an IPO market that's seen muted activity since late 2021 due to soaring inflation and rising interest rates.
The successful sale could value the company at a record-setting $1.75 trillion, potentially making Elon Musk the first trillionaire in history according to multiple reports. The listing is expected as early as June 11 with a market debut aimed for the next day.
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