SpaceX has filed for an initial public offering, setting the stage for what could become the largest stock market debut on record and potentially pushing founder Elon Musk toward trillionaire status. The company submitted a confidential registration to the U.S. Securities and Exchange Commission, with multiple reports indicating a targeted listing in June.
According to financial media citing the filing and people familiar with the plans, SpaceX is expected to list on the Nasdaq under the ticker symbol SPCX. Valuation estimates range from about $1.75 trillion to nearly $2 trillion, with the offering projected to raise roughly $50 billion to $75 billion. That would surpass the $29 billion IPO of Saudi Aramco in 2019, currently the largest in history.
SpaceX disclosed revenue of $18.6 billion alongside quarterly losses of $4.3 billion, reflecting heavy investment in rockets, satellite networks and related technology. Goldman Sachs and Morgan Stanley are leading the deal with support from a large syndicate of banks, while several retail brokerage platforms are expected to offer access to the IPO, broadening participation in one of the most closely watched listings in global markets.