SpaceX Filed Paperwork to Take Company Public
SpaceX filed paperwork to take the much-anticipated step forward with its initial public offering (IPO) as the innovative company working toward colonizing Mars and operating space-based AI data centers.
The revolutionary company, headed up by CEO Elon Musk, has become the world’s largest space organization and is forecasted to become the first company in the United States to hold an IPO with a valuation of over $1 trillion at the time of its listing.
SpaceX plans to file its shares on the Nasdaq stock exchange with the ticker symbol “SPCX” and the shares will also trade on the new Nasdaq Texas stock exchange due to the headquarters of SpaceX being based in Starbase, Texas.
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SpaceX IPO
The upcoming SpaceX IPO could be the biggest in history by a US firm.
SpaceX has seen its business operations soar in recent years due to its development of Starlink internet satellites providing services to individuals alongside creating reusable rockets able to launch multiple times into space.
SpaceX Acquisition
SpaceX has acquired another Musk-founded company known as xAI which focuses on AI technologies.
The company’s main business driver is Starlink which contributed to $18.67 billion out of the total $18.67 billion revenue recorded by the firm during 2025. However, although generating substantial revenue, the business made a net loss of around $4.9 billion in 2025 as it doubled its capital expenditure to reach $20.7 billion compared to $10.8 billion in 2024 where the company recorded a net income of $791 million.
SpaceX recently acquired another company founded by Musk called xAI and is working on AI technologies.
The IPO filing of SpaceX highlights the fact that the xAI subsidiary continues to lose money, although AI will play a critical role for the future success of the company. SpaceX also revealed that it’s partnering with another Musk-founded business Tesla to develop a state-of-the-art chip manufacturing facility.
SpaceX plans to list its shares on the Nasdaq stock exchange starting June 12th, with a road show launching June 4th and share sale taking place shortly thereafter, according to a report from Reuters.
SpaceX’s IPO filing indicates that the firm will be adopting a dual-class share structure in which the Class B shares will provide ten votes per share to allow for greater control to fall into the hands of Musk and other insiders, as the Class A shares will only offer one vote per share to the general public.
Elon Musk and SpaceX
CEO of SpaceX, Elon Musk founded SpaceX in 2002 and controls the majority of the company’s shares, according to its IPO filing.
In addition, the firm reveals in the prospectus of the IPO that Musk will maintain control over 85.1% of SpaceX’s combined voting shares.
The SpaceX IPO filing reveals the company’s total addressable market of $28.5 trillion across its business verticals.
In particular, the total includes $26.5 trillion associated with AI opportunities, namely $22.7 trillion linked to enterprise AI, $2.4 trillion related to AI infrastructure plus $760 billion in consumer subscriptions and $600 billion in digital advertisements. Furthermore, it encompasses $1.6 trillion in connectivity through SpaceX’s Starlink products, plus $370 billion in space-enabled solutions.
SpaceX has not yet determined the exact stock price for the upcoming IPO but has revealed Goldman Sachs to be the lead underwriter. Other financial institutions such as Morgan Stanley, Bank of America, Citibank and JPMorgan will all be participating in the underwriting.
SpaceX Starship Test Flight
SpaceX’s latest spaceship, Starship, will soon be conducting another test flight.
Dan Ives, Managing Director and Global Head of Technology Research for Wedbush Securities has revealed that SpaceX’s filing represents “the largest IPO in stock market history as the company remains at the center of two of the largest growth opportunities over the coming decades.”
Furthermore, the analyst also highlighted that once the SpaceX IPO is completed, they expect the company to enter into a merger with Tesla due to the company investing in $2 billion of xAI which was converted into SpaceX shares during the acquisition. Moreover, both SpaceX and Tesla have entered into a partnership agreement for a joint Terafab semiconductor manufacturing facility.
“Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts looking to lead the AI Revolution,” Ives and team wrote.
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