SpaceX, which reportedly filed for an IPO confidentially last month, has now filed for its IPO officially and publicly. The company says it has filed paperwork to be a Class A common stock trading as “SPCX” on the Nasdaq and Nasdaq Texas exchanges.
Interested parties who are considering investing in this possible new security can now read the full prospectus for Space Exploration Technologies Corp. (Or did you forget that was SpaceX’s real name?). It’s prettier than Tesla’s old prospectus, containing infographics, diagrams, and dozens of full color photos of rockets, office lobbies, data centers, and much more.
The prospectus is fittingly expansive, containing passages promoting—as well as disclosing the risks around—the disparate and far-flung enterprises now being conglomerated into a single, publicly-traded company.
To evoke the sheer hugeness of SpaceX, here’s a bulleted list of excerpts to serve as a sort of mood board:
This last one is your reminder that SpaceX owns everything contained within Twitter when Elon Musk bought it including the defunct social media platform Vine—meaning, fun fact, buying SpaceX stock would make you the proud owner of a tiny fraction of Vine.
The prospectus claims there’s a $28.5 trillion market for SpaceX. Aren’t big numbers fun? SpaceX is claiming to see a market valued at 42% of the S&P 500’s total market capitalization ($67.470 trillion as of this writing).
Forbes notes that SpaceX is targeting an IPO valuation of 1.75 to 2 trillion dollars. CNBC says it could be the biggest IPO ever, raising $75 billion. NBC News says it “could make CEO Elon Musk the world’s first trillionaire.”
The company has had to disclose its finances for the first time due to the IPO filing. It took a loss in 2025 despite pulling in $18.7 billion in revenue. Its capital expenditures totaled $20.7 billion.
SpaceX will reportedly be structured in such a way that shareholders—and even the company’s board—will not have the ability to fire Elon Musk under any circumstance.
Source: Gizmodo