SpaceX Files for IPO

Elon Musk’s SpaceX has announced plans to go public in the United States, paving the way for investors to trade shares in the space and technology company.
SpaceX, known for its rocket launches, satellite internet service Starlink, and Musk’s AI venture xAI, is preparing what could be the largest initial public offering (IPO) in Wall Street history. The company intends to trade under the ticker symbol SPCX, possibly as early as next month.
Because of Musk’s majority stake in SpaceX, the IPO could make him the first person in history with a net worth exceeding $1 trillion. SpaceX currently values itself at $1.25 trillion, meaning Musk’s share could surpass $600 billion. Last year, Musk became the first individual with a net worth over $500 billion, largely due to his leadership at Tesla.
The IPO filing provides a long-awaited glimpse into SpaceX’s finances. In 2025, the company reported $18.6 billion in revenue but posted a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales and a net loss of $4.3 billion. Its balance sheet lists $102 billion in assets, including rockets and other equipment, alongside $60.5 billion in debt.
SpaceX also disclosed more than $500 million in expected legal costs from multiple ongoing lawsuits. These include claims related to Grok, xAI’s chatbot, allegedly being used to create sexualized deepfakes, as well as cases involving patent infringement, EU content moderation compliance, music copyright, and data breaches. Musk has said he plans to dissolve xAI and fold his AI ambitions under SpaceX.
The filing also revealed a major deal with AI company Anthropic. The firm will pay $15 billion annually to access data centers for xAI, which SpaceX recently acquired.
The IPO announcement coincides with Musk preparing for the upcoming launch of SpaceX’s Starship megarocket.