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SpaceX, the private space exploration company founded by Tesla CEO Elon Musk, filed plans to go public on Wednesday, in what could be the largest initial public offering ever.
SpaceX plans to go public on the Nasdaq under the symbol SPCX, according to A Deposit Wednesday with the U.S. Securities and Exchange Commission.
The Texas-based company did not disclose how much money it was seeking to raise, but an IPO registration draft filed in April put the amount at up to $75 billion. That would easily surpass the IPO record of $29.4 billion set by Saudi Aramco in 2019.
Wednesday’s filing also revealed that the company collected revenue of $4.69 billion in the first quarter of 2026 while recording a net loss of $4.28 billion.
SpaceX representatives did not immediately respond to a request for comment.
SpaceX is expected to use proceeds from the IPO to fund Musk’s ambitions in artificial intelligence, space exploration and satellite projects.
“Our mission is to build the systems and technologies needed to make life multiplanetary, understand the true nature of the universe, and extend the light of consciousness to the stars,” SpaceX said in its filing.
An IPO could make SpaceX one of the most valuable companies ever, with a potential valuation of more than $1.75 trillion. An IPO could make Musk, already the world’s richest person, the world’s first trillionaire, due to his controlling stake in the company.
Founded in 2002, SpaceX receives billions of dollars from the US government to launch satellites and help keep NASA programs running. But SpaceX is more than just a high-flying rocket company.
Its Starlink division provides access to the data Houses, Remote locations, Airlines and Directly to many mobile phones In areas where there is no cellular coverage. It also recently acquired xAI, another of Musk’s companies, and owns the social media site X (formerly Twitter).
Proceeds from the IPO could be used to fund Musk’s ambitions for space, artificial intelligence, and satellite projects. AI appears to be the driving force behind the company’s pre-IPO valuation. the XAI acquires all shares The company and SpaceX are valued at $1.25 trillion.
“Musk wants to own and control more of the AI ecosystem, and step by step, the Holy Grail could somehow bring together SpaceX and Tesla to give the connecting fabric between the two disruptive tech companies looking to lead the AI revolution,” Wedbush analysts said in a research note.
