Elon Musk's SpaceX files IPO application to list on stock exchange
SpaceX seeks to list on Nasdaq under the symbol SPCX and could stage the largest IPO in the history of the stock market
Elon Musk's space race is entering a new stage, one in which it will be opened to the public and where many people could have a piece of the company and its profits. SpaceX, the company behind the Falcon 9 rockets and the Starlink satellite network, officially submitted its application to go public in the United States, a move that is causing strong expectation among investors.
This Wednesday, SpaceX submitted its Initial Public Offering (IPO) documentation for the company to be listed on the Nasdaq market under the symbol “SPCX.” This request to put its shares up for sale on Wall Street could become the largest in history.
The news comes weeks after the company submitted a confidential application to the United States Securities and Exchange Commission (SEC). Although SpaceX has not yet revealed how much money it hopes to raise, different estimates point to a figure close to $75 billion. Bloomberg even reported that the company's total valuation would already exceed $2 billion.
SpaceX assured in its presentation that its vision goes far beyond manufacturing rockets.
“Our mission is to build the systems and technologies necessary to make life multiplanetary, understand the true nature of the universe, and extend the light of consciousness to the stars,” the company said in its SEC filing.
The company founded by Elon Musk in 2002 published detailed financial information for the first time. According to the S-1 document filed with the SEC, SpaceX generated revenues of $18.7 billion during 2025. However, it also recorded operating losses of $2.6 billion, due to heavy investments in artificial intelligence, new rockets and advanced space systems.
One of the data that caught the most attention was the financial weight of Starlink. The satellite internet business contributed around $11.4 billion in revenue during 2025, representing nearly 50% growth over the previous year. Meanwhile, the AI division, which includes xAI and the X platform, posted revenue of $3.2 billion, although it reported operating losses of more than $6.4 billion.
“We believe SpaceX's reusable rockets, scaled satellite manufacturing, and our operational expertise can enable the rapid and cost-effective deployment of massive constellations of satellites for AI computing,” the company said.
According to various statements in the past, the money raised from the IPO could help Musk finance other ambitious projects, such as setting up data centers in space and possibly sending a person to Mars. However, not everything is optimistic on Wall Street.
“The problem is that space data centers are far from guaranteed and are considered by many to be operationally and economically unviable,” Adam Crisafulli, a Wall Street financial analyst, said in a note to investors.
Despite the doubts, analysts consider that this IPO represents a key moment for the technology and space sector.
“This IPO is a significant turning point for the space and technology sector,” said Dan Ives, financial analyst at Wedbush.
The document also confirms that Elon Musk will maintain control of the company after the IPO. According to the shareholding structure presented, the businessman will retain around 79% of the voting power, although he will own around 42% of the total capital. Additionally, Wedbush suggested that Musk could try to connect his tech companies even more.
“Musk wants to own and control more of the artificial intelligence ecosystem, and the holy grail could be to combine SpaceX and Tesla in some way,” the firm's analysts noted.
Meanwhile, the enthusiasm has already begun to be reflected on Wall Street. Space companies such as Intuitive Machines, AST SpaceMobile and Virgin Galactic posted strong profits following the news.
Following SpaceX's IPO, Musk could become the first trillionaire in history, consolidating his position as the richest person in the world.