SpaceX Announces Record-Breaking IPO with a Target Valuation of $1.75 Trillion
SpaceX has officially filed its S-1 registration statement with the Securities and Exchange Commission, setting the stage for what could be the largest initial public offering in history. The aerospace company plans to list on Nasdaq under the ticker symbol “SPCX” with an expected valuation between $1.75 trillion and $2 trillion.
The IPO filing, made public on May 20, 2026, reveals a company that has evolved far beyond rockets into a technology conglomerate spanning satellites, AI infrastructure, and space exploration. SpaceX reported 2025 revenue of $18.7 billion, up 33% year-over-year, though the company posted a net loss of $4.9 billion as it invests heavily in its Starship program and AI initiatives.
Elon Musk will retain 85% of voting control through special Class B shares, serving as CEO, CTO, and chairman of the board. His compensation package includes 1 billion performance-based shares tied to achieving a $7.5 trillion market cap and establishing a permanent Mars colony with one million inhabitants.
The company’s Starlink satellite internet service generated more than half of SpaceX’s revenue last year at approximately $11 billion, with 10.3 million subscribers across 164 countries. SpaceX expects to begin deploying orbital AI data centers as early as 2028 and plans to start public trading around June 12, 2026.
Source: CNBC