Elon Musk’s space company, SpaceX, has filed for its IPO on the Nasdaq under the ticker SPCX. The rocket company officially filed its S-1 IPO prospectus with the Securities and Exchange Commission Wednesday, ahead of its investor road show planned for June 5. Elon Musk has yet to publicly comment on the newly unsealed finances.
The IPO filing was expected soon, however 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. The filing also 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.
Under Nasdaq rules, SpaceX was required to submit its IPO filing at least 14 days before its upcoming investor road show. SpaceX had already confidentially filed its S-1 with the SEC in April to obtain feedback on its upcoming IPO. At the time, SpaceX was reportedly targeting to raise as much as $75 billion in its offering, with a valuation nearing $1.8 trillion. However, the latest finances from the IPO filing may change that expected valuation.
Also Read: NVDA Stock Price Target: Wall Street Reacts to Earnings Report
Further, the filing revealed that SpaceX’s capital expenditures nearly doubled to $20.7 billion last year, up from $11.2 billion a year earlier, as it spent heavily on artificial intelligence development. But revenue soared to $18.7 billion in 2025, up 33 percent from a year earlier, helping push back against the increased expenses.
SpaceX could make its debut on the stock market in June, paving the way for other big tech companies that previously operated privately. Elon Musk’s rival OpenAI is also targeting an IPO before the year ends, as well as AI startup Anthropic. If successful, SpaceX’s I.P.O. could fuel those other enormous offerings when they ultimately debut.