Historic SpaceX IPO Targets a Staggering $1.75 Trillion Valuation
In a move that could rewrite the record books, SpaceX has officially lodged its S-1 prospectus with the SEC on May 20, 2026. The space exploration behemoth is aiming for an astounding valuation of between $1.75 trillion and $2 trillion. The company’s shares are set to start trading on Nasdaq under the ticker symbol SPCX as early as June 12, 2026.
Financial Highlights from the Filing
According to the IPO filing, SpaceX generated a robust $18.7 billion in revenue in 2025, marking a 33% increase year-over-year. This impressive growth was largely driven by its Starlink satellite internet service, which reported a quarterly profit of $1.2 billion. Despite these strong numbers, the company also disclosed an accumulated deficit of $41.3 billion, along with a Q1 2026 net loss of $4.27 billion. The filing also highlighted the integration of AI assets, including a $60 billion option to acquire coding startup Cursor and $1.25 billion in monthly payments to Anthropic for cloud compute.
Elon Musk’s Control and Compensation
CEO Elon Musk is set to retain 85% voting control through Class B shares. His proposed compensation package includes 1 billion performance-based shares, with the ambitious goal of establishing a permanent human colony on Mars with one million inhabitants.
Unconventional Share Allocation
In a break from traditional IPO structures, the company plans to allocate approximately 30% of shares directly to retail investors. Platforms like Robinhood, Fidelity, and Charles Schwab will facilitate this process. Goldman Sachs is leading the underwriting syndicate, with the investor roadshow set to kick off the week of June 8, 2026.
Source: CNBC