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Elon Musk's SpaceX has announced plans for the largest initial public offering (IPO) in history, with shares priced at $135 each, set to begin trading on June 12. This move values SpaceX at $1.7 trillion, making it the seventh-largest company in the U.S. by market capitalization. The IPO aims to raise $75 billion, marking a significant milestone for the aerospace company.
SpaceX, formally known as Space Exploration Technologies Corp., was founded in 2002 with the goal of reducing space transportation costs and enabling human settlement on Mars. The company has revolutionized the aerospace industry with its reusable rocket systems like Falcon 9 and Falcon Heavy. It also operates Starlink, a satellite internet network that has become a key revenue driver.
According to Reuters, the IPO will allow everyday investors to gain exposure to SpaceX's ventures, including its rocket business, satellite internet, and AI ambitions. SpaceX's revenue reached $18.7 billion in 2025, up 33% from the previous year, despite a net loss of $4.9 billion.
The IPO filing, as reported by BBC, also reveals SpaceX's financial challenges, including $60.5 billion in debt and expected legal costs exceeding half a billion dollars. These costs stem from multiple lawsuits, including claims against Musk's AI firm xAI, which SpaceX recently acquired.
Despite these challenges, the IPO is expected to attract significant interest. Zacks reports that SpaceX's listing on Nasdaq under the ticker SPCX will provide the company with access to new funding sources and liquidity for early investors. Analysts believe the IPO could boost investor interest across the commercial space sector.