Elon Musk's SpaceX IPO filing is out
Summary
SpaceX has filed to sell its shares to the public through an initial public offering (IPO), with a planned stock market debut expected next month. The company, led by Elon Musk, reported large losses but also high revenue, and it aims to start trading on the Nasdaq under the symbol "SPCX."Key Facts
- SpaceX filed confidentially for an IPO with the U.S. Securities and Exchange Commission on April 1.
- The IPO could be the largest ever and may make Elon Musk the first trillionaire.
- Elon Musk owns 85.1% of voting power at SpaceX because of a special stock structure.
- SpaceX had a net loss of $4.9 billion on $18.67 billion revenue in 2025, including its recent merger with xAI.
- In the first quarter of 2026, SpaceX lost $4.27 billion on $4.69 billion in revenue.
- SpaceX plans to start trading on the Nasdaq stock exchange in late June under the ticker "SPCX."
- The filing did not specify how many shares will be offered or the price; details will come later.
- SpaceX is known for working with NASA, creating the Starlink satellite internet, and acquiring Musk’s AI company xAI.
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