SpaceX submits IPO prospectus, eyes $1.5T market valuation

Elon Musk’s SpaceX is preparing for a huge stock market launch that could become the biggest IPO in history, valuing it at over $1.5 trillion.

The company recently filed a detailed investor prospectus with the Securities and Exchange Commission, officially starting the countdown for a public stock offering.

The IPO could break records
It could raise more than $80 billion next month, surpassing the record $26 billion raised by Saudi Aramco in 2019.

It could also make CEO Musk the world’s first trillionaire.

Founded by Musk in 2002, SpaceX has grown from a small startup into one of the world’s most valuable private companies, employing more than 22,000 workers. 

The Texas-based company dominates the global rocket-launch market with its reusable Falcon 9 rockets and operates the massive Starlink satellite network.

SpaceX completed 170 launches in 2025 and deployed around 2,500 satellites, marking another record year for the company.

Elon Musk recently said SpaceX already has about 10,000 satellites in orbit and eventually wants to launch 10,000 communications satellites annually. The company also proposed a future network of 1 million satellites designed to support AI-powered data centers in space.

However, the Federal Aviation Administration (FAA) says the company must first prove it can operate more reliably before regulators approve such growth.

Shares are expected to trade on Nasdaq under the ticker “SPCX,” with major banks including Goldman Sachs and Morgan Stanley leading the deal.

Revenue growth, but rising costs
SpaceX reported $18.67 billion in revenue last year, up 33% from the previous year. However, the company posted a net loss of $4.94 billion because of soaring research and development expenses tied to AI, satellites, and Mars-focused projects.