Elon Musk is taking SpaceX public, filing paperwork for an initial public offering that would put one of the world’s most valuable private companies on the stock market.
The May 20 filing with the U.S. Securities and Exchange Commission says SpaceX plans to trade under the ticker “SPCX” on Nasdaq while Musk is expected to retain control through special voting shares.
SpaceX reported $18.6 billion in revenue in 2025 but also acknowledged significant operating losses as it poured billions into artificial intelligence (AI) infrastructure.
Musk founded SpaceX in 2002. The company designs, manufactures, launches, and operates rockets, spacecraft, and satellite networks. It operates the Starlink internet system, has launched hundreds of orbital missions, and recently expanded into AI through its acquisition of xAI. SpaceX says its long-term mission is to make life “multiplanetary.”…