SpaceX S-1 IPO filing: ticker $SPCX on Nasdaq, June 12 debut, up to $80B raise at ~$2T valuation, Musk 85.1% voting control
SpaceX filed for an IPO under ticker $SPCX on Nasdaq, debut expected June 12. Seeks up to $80B at a ~$2T valuation. 2025: $18.7B revenue, $4.9B net loss. Musk controls 85.1% of voting power via dual-class shares. Sources: CNBC, CNN
SpaceX has filed its S-1 for an initial public offering and disclosed its finances publicly for the first time. The company plans to list under the ticker $SPCX on Nasdaq, with the debut expected on June 12. The filing seeks to raise up to $80 billion at a valuation of around $2 trillion, which would rank among the largest public listings in history by deal size. For 2025, SpaceX reported $18.7 billion in revenue and a net loss of $4.9 billion. Starlink alone contributed $11.4 billion of that revenue with adjusted EBITDA of $7.2 billion. The company splits its results into three segments: space, connectivity and AI. The space segment generated $4.1 billion in 2025. The S-1 confirms a dual-class share structure: each Class B share carries 10 votes. Between his 12.3% common stake and 93.6% of Class B shares, Elon Musk controls 85.1% of the company's voting power. Sources: CNBC, CNN, NPR, SEC S-1 filing