NEW YORK — SpaceX is preparing for what could become one of the largest initial public offerings in history, as the Elon Musk-led company moves closer to a Nasdaq debut under the ticker symbol SPCX.
The rocket and satellite giant, formally Space Exploration Technologies Corp., confidentially filed initial IPO documents with the Securities and Exchange Commission in April and submitted its public S-1 registration in May, according to regulatory records. The offering, expected to price as soon as this week, has drawn intense investor interest amid strong demand for shares in the private space leader.
SpaceX has not publicly detailed the final timing or valuation, which will depend on market conditions and regulatory approvals. However, reports indicate the company is targeting a valuation near $1.75 trillion, with plans to raise approximately $75 billion by selling shares priced around $135 each.
Growth has been propelled by Starlink, its expanding satellite broadband network serving remote areas, alongside NASA contracts and other government work. The company reported more than $18 billion in revenue for 2025, though it has posted operating losses in recent periods due to substantial investments in next-generation projects, including the reusable Starship spacecraft.
"Elon Musk has built SpaceX into a leader in commercial spaceflight," said one technology analyst, reflecting broad market enthusiasm for the company's future in satellite communications, crewed missions, and beyond.
The IPO would mark a milestone for SpaceX, founded in 2002. The company has achieved historic feats, including the first private crewed flight to the International Space Station and the deployment of thousands of Starlink satellites. Shares have traded at high valuations on secondary markets in recent years.
Several other space companies have gone public in recent years with mixed results, but SpaceX enters the market from a position of dominance. Company officials have declined to comment on the offering's specifics.
If completed, the listing would represent a major evolution for one of the world's most valuable private companies and could reshape investor access to the commercial space sector.
