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SpaceX has initiated its public offering process by filing an S-1 registration with the SEC, aiming for a Nasdaq listing under the ticker SPCX. The company, which reported $18.7 billion in revenue and a $4.9 billion loss for the previous year, is targeting a valuation of approximately $1.75 trillion to $2 trillion. This valuation is driven by the company's three primary business segments: Starlink satellite internet, launch services, and its consolidated xAI artificial intelligence division.
SpaceX plans to list on the Nasdaq under the ticker SPCX with an expected initial offering price of $135 per share.
The company's valuation strategy relies on future growth projections for Starlink, orbital compute, and reusable rocket technology rather than current earnings.
Elon Musk retains significant control over the company, holding approximately 42% of the equity and 85% of the voting power.
Market analysts are divided on the IPO, with some citing the company's strategic market position as a justification for the valuation, while others argue the fundamentals do not support such a high market capitalization.
SpaceX is expected to begin trading on June 12, 2026, following a roadshow that is scheduled to begin in early June.
SpaceX operates through three main segments: launch services, Starlink satellite internet, and its consolidated xAI artificial intelligence business.
SpaceX expects to raise up to $75 billion through its initial public offering.
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