SpaceX, the aerospace company led by billionaire Elon Musk, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering expected to take place in mid-June 2026.
Key points
- The company reported $18.7 billion in revenue for 2025, with $11.4 billion generated by its Starlink satellite internet division.
- SpaceX recorded a $2.6 billion operating loss in 2025 due to heavy investments in next-generation rocket development and artificial intelligence.
- Elon Musk is set to retain control of the company post-IPO, maintaining approximately 79% to 85% of voting power.
- The offering could potentially value the company at up to $1.75 trillion, aiming to surpass the record set by Saudi Aramco in 2019.
Why it matters
This IPO represents a significant milestone for the space and technology sectors, potentially creating one of the world's most valuable publicly traded companies and testing investor appetite for Musk's long-term AI and Mars ambitions.
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