Elon Musk’s house firm, SpaceX, has filed for its IPO on the Nasdaq beneath the ticker SPCX. The rocket firm formally filed its S-1 IPO prospectus with the Securities and Alternate Fee Wednesday, forward of its investor highway present deliberate for June 5. Elon Musk has but to publicly touch upon the newly unsealed funds.
The IPO submitting was anticipated quickly, nonetheless the submitting additionally offers buyers perception into SpaceX’s present funds and earnings. For the three months ended March 31, 2026, SpaceX reported income on a consolidated foundation of $4.694 billion, a loss from operations of $1.943 billion, and Adjusted EBITDA of $1.127 billion. The submitting additionally notes that in 2025, SpaceX generated income on a consolidated foundation of $18.674 billion, and a loss from operations of $2.589 billion and Adjusted EBITDA of $6.584 billion.
Beneath Nasdaq guidelines, SpaceX was required to submit its IPO submitting at the very least 14 days earlier than its upcoming investor highway present. SpaceX had already confidentially filed its S-1 with the SEC in April to acquire suggestions on its upcoming IPO. On the time, SpaceX was reportedly concentrating on to boost as a lot as $75 billion in its providing, with a valuation nearing $1.8 trillion. Nevertheless, the newest funds from the IPO submitting might change that anticipated valuation.
Additional, the submitting revealed that SpaceX’s capital expenditures almost doubled to $20.7 billion final yr, up from $11.2 billion a yr earlier, because it spent closely on synthetic intelligence improvement. However income soared to $18.7 billion in 2025, up 33 % from a yr earlier, serving to push again in opposition to the elevated bills.
SpaceX may make its debut on the inventory market in June, paving the way in which for different huge tech firms that beforehand operated privately. Elon Musk’s rival OpenAI can also be concentrating on an IPO earlier than the yr ends, in addition to AI startup Anthropic. If profitable, SpaceX’s I.P.O. may gasoline these different huge choices once they finally debut.
