SpaceX has officially filed for an Initial Public Offering (IPO) in the United States, opening the door for public trading of its shares under the ticker symbol “SPCX”. The listing is expected to become one of the biggest stock market debuts in Wall Street history.
Founded by Elon Musk, the company operates rocket launches, satellite internet service Starlink, and also owns artificial intelligence company xAI.
According to company filings, SpaceX currently values itself at nearly $1.25 trillion. Musk’s majority ownership in the company could push his personal wealth above $1 trillion, making him the world’s first trillionaire.
Financial documents showed that SpaceX generated $18.6 billion in revenue last year but also recorded a net loss of $4.9 billion. In the first quarter of this year, the company earned $4.7 billion in sales while reporting losses of $4.3 billion.
The filing also revealed that SpaceX owns assets worth over $102 billion, including rockets, launch systems and technology infrastructure, while carrying debts of around $60.5 billion.
Experts say it is common for large technology and space projects to remain loss-making during expansion stages. Analysts believe investor interest in the company remains strong because of its dominance in commercial space launches and satellite internet services.
The filing additionally disclosed several ongoing legal cases against the company, including claims related to AI-generated deepfakes, copyright disputes and data privacy concerns linked to xAI and X, formerly known as Twitter.
The IPO announcement comes days after Musk lost a legal case against AI company OpenAI and its CEO Sam Altman over disputes regarding the future direction of artificial intelligence development.
Meanwhile, SpaceX is also preparing for another launch of its Starship rocket later this week as the company continues expanding its space and AI ambitions.
