Blast Off: SpaceX IPO Nears Launch, Files Paperwork with Nasdaq

Key Takeaways

• Space X filed its IPO paperwork with the Nasdaq on Wednesday
• According to the Nasdaq filing, SpaceX plans to trade under the ticker “SPCX.”
• SpaceX also shared its Q1 revenue in the prospectus, revealing $4.694 billion in revenue from January to March 2026

The countdown to the groundbreaking SpaceX IPO has began, after Elon Musk’s space company filed its paperwork with the Nasdaq on Wednesday. This comes after BlockNow reported last week that the IPO filing could come as soon as this week. The rocket company officially filed its S-1 IPO prospectus with the Securities and Exchange Commission on Wednesday, ahead of its investor road show planned for June 5.

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SpaceX To Debut on US Stock Market Under SPCX Ticker Within Weeks

According to the Nasdaq filing, SpaceX plans to trade under the ticker “SPCX.” The filing also gives investors insight into SpaceX’s existing finances and earnings. For the three months ended March 31, 2026, SpaceX reported revenue on a consolidated basis of $4.694 billion, a loss from operations of $1.943 billion, and Adjusted EBITDA of $1.127 billion. In addition, the filing notes that in 2025, SpaceX generated revenue on a consolidated basis of $18.674 billion, and a loss from operations of $2.589 billion and Adjusted EBITDA of $6.584 billion.

SpaceX has picked up several big investors and shareholders prior to its IPO launch. The space company is targeting as much as $75 billion in its offering, with a valuation target between $1.8-$2 trillion. Among SpaceX’s largest shareholders is Antonio Gracias, founder of Valor Equity Partners, who first invested in SpaceX and has served on its board since 2010. Gracias’s firm owns a 7.3% stake in SpaceX’s Class A stock, according to the filing. That is worth more than $100 billion based on the company’s expected IPO valuation of approximately $1.5 trillion.

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How SpaceX Plans to Make Sure its IPO is Biggest Ever

Furthermore, SpaceX has worked to ensure it has the revenue and valuation is at its best as its stock goes public. In the IPO prospectus, the company said it is working to start deploying an enormous AI-satellite constellation as early as 2028. “Orbital AI compute is an incredibly difficult technical challenge,” SpaceX said in its IPO prospectus. “We believe we are the only company with a commercially viable path to building orbital AI compute at scale.”

SpaceX’s revenue soared to $18.7 billion in 2025, up 33 percent from a year earlier. SpaceX says it would need to achieve its tough objectives with its Starship rocket to keep the revenue climbing. Additionally, the company is still pursing its Moon City initiative to bring a permanent base to the Moon. The SpaceX unit that includes Starlink broadband service generated more than $11 billion in revenue for 2025 out of the company’s total sales of about $18.7 billion. “Starlink is capable of delivering broadband connectivity anywhere on Earth,” the company said. Expanding the network in space is a big part of the company’s end goal to fetch a massive valuation.

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