SpaceX files S-1, opening the path to what would be the largest IPO in history

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May 21, 2026, 8:20 AM

• •SpaceX aims to raise up to $80 billion at a $1.7 trillion valuation.
• •The IPO roadshow is expected to begin in early June, with pricing and listing targeted for June 11-12.
• •SpaceX holds 18,712 Bitcoin on its balance sheet.
• •Musk will retain significant voting control through a multi-class share structure.

SpaceX has filed its S-1 with the SEC, setting the stage for a potential record-breaking IPO on Nasdaq under the ticker SPCX. The prospectus reveals 2025 revenue of $18.7 billion, a Q1 2026 net loss of $4.27 billion, and an accumulated deficit of $41.3 billion. The company also holds 18,712 Bitcoin, valued at $1.29 billion. Elon Musk's voting control will persist post-IPO, raising governance concerns among investors.

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