#SpaceXOfficiallyFilesforIPO SpaceX Officially Files for IPO, Targets Record-Breaking Nasdaq Debut Under Ticker SPCX

WASHINGTON, D.C. – [Date] – Space Exploration Technologies Corp. (“SpaceX”) has officially filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), setting the stage for what is poised to become the largest initial public offering in global financial history. The company intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “SPCX”.

Following a confidential submission to regulators on April 1, this public filing formally launches the company’s journey toward a landmark public debut. The IPO is expected to generate between $75 billion and $80 billion in proceeds, placing SpaceX at a valuation of approximately $1.7 trillion to $2 trillion. This offering would far surpass the current record of $29.4 billion set by Saudi Aramco in 2019.

Financial Performance and Strategic Positioning

The S-1 filing offers the first public glimpse into SpaceX’s financial architecture. In the first quarter of 2026, the company generated $4.69 billion in revenue but reported a net loss of $4.28 billion. For the full year 2025, SpaceX reported $18.7 billion in revenue and an accumulated deficit of $41.3 billion.

The company reports its operations across three core segments:

· Connectivity (Starlink): The primary financial driver, generating $11.4 billion in revenue for 2025 and $3.26 billion in the first quarter of 2026, serving 10.3 million subscribers globally.
· Space: Comprising launch services, including the Dragon spacecraft, this segment generated $4.1 billion in revenue in 2025.
· AI (SpaceXAI): Following the acquisition of xAI in February 2026, this segment recorded $3.2 billion in revenue for 2025 while making substantial R&D investments totaling $12.7 billion that year.

Leadership and Governance

Founder Elon Musk will maintain decisive control post-IPO through a dual-class share structure, where Class B shares carry ten votes each. Mr. Musk currently holds approximately 85.1% of the combined voting power and will continue to serve as the company’s Chief Executive Officer, Chief Technology Officer, and Chairman of the Board. SpaceX will operate as a “controlled company” under Nasdaq’s corporate governance rules following the offering.

Underwriters and Timeline

Goldman Sachs is serving as the lead left underwriter on the offering, supported by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase. A global syndicate of 23 banks has been assembled to execute the offering.

The investor roadshow is expected to commence on June 4, 2026, with final pricing anticipated after market close on June 11, and a market debut scheduled for June 12, 2026.

Company Outlook

SpaceX has articulated an expansive vision in its filing, identifying a total addressable market of $28.5 trillion across its three business segments. The company continues to make substantial investments in its Starship program, having spent $3 billion on its development in 2025, and plans to begin launching orbital data center spacecraft as soon as 2028.

About SpaceX
SpaceX, founded in 2002, designs, manufactures, and launches advanced rockets and spacecraft. The company has revolutionized space technology through its development of reusable rockets and operates the Starlink satellite internet constellation, the world’s largest. SpaceX is headquartered in Hawthorne, California, and has additional facilities in Redmond, Washington; Austin, Texas; and Cape Canaveral, Florida.