SpaceX files IPO, targets Nasdaq listing as June
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- SpaceX filed a confidential IPO with the SEC on April 1 and publicly disclosed it on May 20, 2026.
- Elon Musk retains 85.1 % of SpaceX’s voting power through a dual‑class stock structure.
- SpaceX posted a $4.9 bn net loss on $18.67 bn revenue for 2025, and a $4.27 bn net loss on $4.69 bn revenue in Q1 2026.
- Anthropic signed a $1.25 bn monthly compute contract with SpaceX.
- SpaceX plans to list on Nasdaq under the ticker “SPCX” in late June, though the filing omitted share count and price.
- xAI was recently acquired by SpaceX and merged with X, with a focus on building orbital data centers.
Why it matters: The IPO could inject billions of equity capital into SpaceX, strengthening its cash‑flow for ambitious projects like orbital data centers, while Musk’s 85.1 % voting stake ensures he retains control; however, the disclosed multibillion‑dollar losses highlight the financial risk for investors.
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