SpaceX reveals plan for $1.75tn stock market debut that could make Musk a trillionaire
Summary
SpaceX announced it will go public on the Nasdaq stock exchange with a valuation of about $1.75 trillion, aiming to raise up to $80 billion. The company's financial details showed strong revenue from its Starlink satellite internet service and large investments in artificial intelligence (AI), but also significant losses in early 2026.Key Facts
- SpaceX plans to list on Nasdaq under the symbol SPCX, likely on June 12.
- The company expects a valuation of around $1.75 trillion and seeks up to $80 billion in investment.
- SpaceX earned $18.7 billion in revenue for 2025 and over $3.2 billion in the first quarter of 2026 from its connectivity segment, which includes Starlink.
- In the first three months of 2026, SpaceX reported a loss of more than $4.2 billion.
- SpaceX has invested billions in artificial intelligence and is developing data centers in orbit to support AI technology.
- The company acquired Elon Musk’s AI firm, xAI, in February 2026.
- SpaceX identified competitors like OpenAI and Anthropic in its investor prospectus.
- Elon Musk’s net worth could increase significantly from this IPO, moving him closer to becoming a trillionaire.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.