SpaceX unveils plans for historic IPO with $1.75 trillion valuation

21 May 2026 , 10:31

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SpaceX unveils plans for historic IPO with $1.75 trillion valuation

SpaceX revealed its plans to list on the US stock market on Wednesday, presenting its investor prospectus and detailing its financials for the first time. Elon Musk’s rocket and satellite operations company will go public on the Nasdaq exchange at a valuation of about $1.75 trillion under the symbol SPCX, likely on June 12. It is seeking up to $80 billion in investment.

The company, the world’s leading rocket manufacturer with extensive US government contracts, confidentially filed for an IPO last month. This filing allowed for a regulatory review period before making the details public.

“Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars,” SpaceX declared in its filing.

Since its founding in 2002, SpaceX has grown into the most valuable part of Musk’s expansive tech empire. Its upcoming IPO could also significantly increase the wealth of the world’s richest person, bringing him closer to becoming a trillionaire from his current net worth of $807 billion, according to Forbes.

The disclosure on Wednesday provided insights into SpaceX’s typically secretive finances, revealing that it is investing billions in AI and had a capital expenditure of more than $20 billion last year, compared to $18.7 billion in revenue for 2025. It also showed that the company lost over $4.2 billion in the first three months of 2026.

The company also disclosed in its prospectus that its connectivity segment, which includes its Starlink satellite internet provider, has been the strongest aspect of its business. The connectivity segment generated over $3.2 billion in revenue between January and the end of March 2026 alone, and $11.4 billion in 2025.

While SpaceX has long promoted its mission of expanding humanity to Mars, that goal has been sidelined in favor of other plans, including creating data centers in orbit to support the AI boom and expanding its Starlink services. The company also acquired Musk’s AI firm, xAI, in February.

The disclosure diverts attention from Musk’s recent loss in his court battle with OpenAI and its CEO Sam Altman. A federal jury found, after a three-week trial, that Altman and OpenAI were not liable for Musk’s claims of breach of a founding agreement and unjust enrichment.

SpaceX’s investor prospectus lists OpenAI and other major AI firms like Anthropic as key competitors. All three companies are set to go public this year, each with valuations of hundreds of billions or more than a trillion dollars, marking one of the most blockbuster periods for public offerings in market history.

Sophia Martinez

World Affairs Correspondent