SpaceX filed its IPO prospectus for a Nasdaq debut under ticker SPCX, planned for June 2026. The company did not disclose the total raise or valuation, though Financial Times sources estimate around $75 billion at a $1.75 trillion valuation.

CEO Elon Musk owns 85.1% of voting shares, securing near-total control. SpaceX emphasized Musk’s critical role in operations and strategic direction.

In 2025, SpaceX reported $18.7 billion in revenue (+33%), but a net loss of $4.94 billion after $791 million profit the year prior. Capital expenditures rose 85% to $20.7 billion, covering Starship, Starlink expansion, and AI projects. Starlink contributed over $11 billion (70% of revenue), with around 10 million subscribers — twice the prior year.

The company expects $45 billion from AI startup Anthropic over the next three years, including $1.25 billion per month in rented computing resources. Total debt on March 31 stood at $29.132 billion.

The prospectus outlines risks: technological (Starship, data centers, satellites), regulatory (licenses, AI, social networks), space hazards (radiation, debris, temperature), natural disasters, geopolitical exposure, macroeconomic factors, and Musk-specific risks.