Elon Musk’s SpaceX Files For Highly Anticipated IPO

Added: 2026-05-22

[00:00:00]According to a Securities and Exchange Commission filing on Wednesday, Elon Musk's Space X has officially moved to go public. This highly anticipated multi-t trillion dollar initial public offering has the potential to elevate Musk to the status of world's first trillionaire. SpaceX's IPO valuation could reach between $1.75 trillion and $2 trillion according to multiple reports, which would best the previous all-time IPO valuation record of $1.7 trillion set by Saudi Aramco in 2019.

[00:00:31]The filing states that the company will go public this year, but does not have an exact date for the delivery of class A shares. SpaceX will trade on the NASDAQ exchange under the ticker symbol SPCX according to Wednesday's filing which said shares will be offered to retail investors through trading platforms like Schwab, Fidelity, Robin Hood, SoFi, and Erade. SpaceX generated $18.7 billion last year, a 33% increase year-over-year. The company also recorded $4.9 billion in losses in 2025 and $4.3 billion in losses in the three months ended in March 31st. SpaceX's capital expenditures surged to over $20 billion in 2025, up from the 11.2 billion recorded from the previous year.

[00:01:16]Musk's company has spent big money on artificial intelligence development and is looking to become the leading force in putting data centers in orbit, a practice Musk has claimed could offer quote near limitless sustainable power with less impact on Earth. Open AAI is reportedly set to file an IPO as soon as this week, setting up a showdown with Musk Space X, which is the parent company of XAI, though OpenAI is not expected to publicly list until September. Open AAI is targeting a roughly $1 trillion valuation.