SpaceX files for IPO, opening books on Elon Musk's space empire

SpaceX has filed to go public, giving investors their first detailed look at Elon Musk's rocket, satellite internet and artificial intelligence company ahead of what could become the largest initial public offering in U.S. history.

The company disclosed Wednesday that it plans to list on Nasdaq under the ticker symbol SPCX. The filing does not yet say how many shares SpaceX plans to sell or at what price.

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The IPO would give public investors a chance to buy into one of Musk's most important companies and one of the most influential private businesses in the space industry.

Founded in 2002, SpaceX has become a major NASA contractor, a leading commercial launch provider and the operator of Starlink, its satellite internet network.

NASA relies on private companies to ferry astronauts to and from the International Space Station, and the agency has selected SpaceX to develop a Starship landing system for Artemis moon missions.

SpaceX reported $18.67 billion in revenue in 2025 and a net loss of $4.9 billion, according to the filing. In the first quarter of 2026, the company reported $4.69 billion in revenue and a $4.27 billion net loss.

The company's finances are complicated by SpaceX's recent combination with xAI, Musk's artificial intelligence company, which had previously merged with X, formerly Twitter. The filing says the combined company is pursuing orbital data centers and AI-related computing services, including a large monthly contract with Anthropic.

Musk would remain firmly in control after the offering. The filing says he holds 85.1% of SpaceX's voting power through a dual-class stock structure, giving him broad authority over the company even after it becomes publicly traded.

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