SpaceX Files for IPO on Nasdaq Under SPCX Symbol

CBS News reported Wednesday that Elon Musk’s SpaceX has formally filed to list on the Nasdaq Composite under the ticker symbol “SPCX,” setting the stage for what could become the largest initial public offering in market history.

A Filing Years in the Making

SpaceX submitted the public paperwork after first filing confidentially with the Securities and Exchange Commission last month. The company did not specify a target raise amount in its public documents. Prior estimates from people familiar with the offering have put the figure at as much as $75 Billion, at a valuation exceeding $2 Trillion.

If those figures hold, the listing would comfortably surpass the existing record. Saudi Aramco, the state-controlled Saudi oil giant, raised $25.6 Billion during its 2019 debut, a record that has stood for nearly seven years according to Renaissance Capital data.

What the Financials Show

SpaceX’s SEC filing gives investors their clearest look yet at the company’s books. The Texas-based company posted $18.7 Billion in revenue for 2025 but recorded an operating loss of $2.6 Billion over the same period. Revenue momentum appears strong heading into 2026, with the company generating roughly $4.7 Billion in just the first quarter alone.

Those figures reflect a business that spans far beyond rocket launches. SpaceX’s corporate structure also encompasses xAI, Musk’s artificial intelligence venture, and Starlink, the satellite broadband network that has rapidly expanded its global subscriber base.

Background: From Garage Startup to Trillion-Dollar Giant

Musk founded SpaceX in 2002 with an ambition to reduce the cost of space travel and eventually colonize Mars. Over two decades the company grew from a fledgling startup into the dominant force in commercial launch, securing billions in NASA contracts and pioneering reusable rocket technology. It has remained private far longer than most comparably valued companies, making Wednesday’s filing a watershed moment for both the aerospace sector and the broader IPO market.

What Comes Next

A price range and formal listing date have not yet been disclosed. Underwriters and regulators will scrutinize the filing in the weeks ahead before any shares change hands. Given the scale of the anticipated raise, the offering is expected to draw significant institutional demand and retail investor attention alike.

SpaceX did not immediately respond to requests for comment on the filing, CBS News noted.

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