SpaceX files for record $75 billion IPO on Nasdaq
SpaceX filed an S-1 to sell 555.6 million shares at $135 each, aiming to raise $75 billion, the largest initial public offering in history.
SpaceX has filed a registration statement to list 555.6 million shares on Nasdaq at $135 per share, targeting a $75 billion capital raise that would make it the biggest IPO ever. The offering would give CEO Elon Musk control of more than half of the voting power, positioning him as the dominant shareholder in the publicly traded company.
The S-1 shows the firm posted $18 billion in revenue for 2025 while recording a $4.9 billion loss, adding to more than $37 billion in cumulative losses since its founding. The filing also highlights the company’s Starlink satellite internet service, ongoing development of the Starship launch system, and a new artificial-intelligence division called xAI.
Investors are advised that future dilution could occur, according to language added to the prospectus. The company has also secured pre-IPO contracts, including a compute-services agreement with Anthropic that will generate significant monthly revenue.
"SpaceX’s IPO will provide the company with capital to fund its ambitious projects while giving shareholders exposure to its growing satellite and AI businesses," a spokesperson for the underwriting syndicate said.
Financial news outlets are expected to provide real-time updates as the shares begin trading, and the Nasdaq listing will display the official opening price once the market debut occurs.
