tech
SpaceX reveals plan for $1.75tn stock market debut that could make Musk a trillionaire
Elon Musk’s rocket and satellite operations company, with extensive contracts with US, to go public next month
TL;DR
- SpaceX plans to go public on the Nasdaq exchange at a valuation of $1.75tn under the symbol SPCX, likely on June 12th.
- The company is seeking up to $80bn in investment and has disclosed its financial details for the first time.
- SpaceX is investing billions in AI and had capital expenditures exceeding $20bn in 2025, with revenues of $18.7bn.
- The company lost over $4.2bn in the first three months of 2026.
- The Starlink satellite internet service is the strongest pillar of SpaceX's business, generating $11.4bn in revenue in 2025 and over $3.2bn in early 2026.
- SpaceX acquired Elon Musk's AI firm, xAI, in February.
- OpenAI and Anthropic are listed as key competitors, with all three businesses expected to go public this year.
- SpaceX's mission is evolving from Mars expansion to include orbital data centers and Starlink expansion.