SpaceX Files for IPO on Nasdaq Under Ticker SPCX

CNBC reported Wednesday that SpaceX has officially submitted an IPO prospectus to the Securities and Exchange Commission, targeting a listing on the Nasdaq under the ticker symbol SPCX. The filing marks one of the most anticipated public-market debuts in a generation.

Goldman Sachs Leads a Landmark SpaceX IPO

Goldman Sachs holds the lead-left position on the offering, with Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase rounding out the underwriting syndicate. The company previously filed confidentially with the SEC in April. A roadshow is expected to begin June 8, giving institutional investors their first formal look at the deal. Follow-up filings will specify the per-share pricing range and additional shareholder details.

A Valuation Built on Rockets, Satellites and AI

SpaceX enters the public market carrying a $1.25 trillion valuation, reached in February after merging with Elon Musk‘s artificial intelligence venture xAI. That merger also brought X, the social network formerly known as Twitter, under the SpaceX corporate umbrella. Founded by Musk in 2002, the company grew into NASA’s primary launch partner after the space agency retired its shuttle fleet in 2011. SpaceX now operates the Starlink broadband satellite service, running a constellation of roughly 10,000 satellites. New investors will be buying into the company at a historically elevated price.

Background: Key Shareholders and Ownership Structure

The prospectus reveals a dual-class share structure that concentrates voting power among insiders. Gwynne Shotwell, SpaceX’s president and chief operating officer since 2008, holds Class B shares carrying ten times the voting weight of Class A stock. Venture capitalist Antonio Gracias of Valor Equity Partners, a SpaceX board member, controls 7.3% of total Class A shares ahead of the listing. Valor also leases equipment to xAI in a deal valued at more than $20 billion, of which $1.7 billion has been repaid since early 2025. Luke Nosek of Founders Fund holds 33 million Class A shares. SpaceX employed more than 22,000 full-time workers globally as of the first quarter, with the filing noting that none operate under collective bargaining agreements.

What Comes Next for the IPO Market

The SpaceX debut is expected to be the first of three potential mega-offerings in 2026, with OpenAI and Anthropic both reportedly eyeing public listings in the near term. A successful SPCX debut would position Musk as chairman of two separate publicly traded companies each valued above $1 trillion, an unprecedented position for any individual executive in market history.