SpaceX publicly filed for an initial public offering on Nasdaq under the ticker SPCX on May 20, 2026, seeking to raise up to $75 billion with a valuation exceeding $2 trillion, which would set a new Wall Street record [1, 2, 3]. Goldman Sachs leads a syndicate that includes Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase [4, 2]. SpaceX plans to begin IPO marketing June 4, price shares as soon as June 11, and list on June 12, 2026 [5].
On May 22, SpaceX completed the first test flight of its Starship V3 rocket, after a one-day delay caused by a hydraulic pin malfunction in the launch tower [6, 7]. The launch lasted about an hour and ended with the rocket's splashdown in the Indian Ocean followed by a planned explosion [7, 8]. Standing 124 meters tall, the Starship V3 is the largest and most powerful rocket ever built with a payload capacity of 100 metric tons; future versions are expected to double this capacity [6, 7, 8]. SpaceX has invested over $15 billion in the Starship program [6].
Elon Musk, who owns a majority stake in SpaceX, could see his shares valued at more than $600 billion after the IPO [6, 7]. Despite SpaceX's rapid revenue growth, the company posted a net loss of $4.9 billion in 2025 on $18.6 billion in revenue and a $4.3 billion net loss in Q1 2026 on $4.7 billion in sales [6]. The company operates the Starlink satellite internet network and owns the AI firm xAI. xAI has struggled financially, causing Musk to place Tesla and Starlink leaders into its management team [6, 7, 9].
The planned IPO would surpass Saudi Aramco's $29.4 billion 2019 offering and Alibaba's $21.7 billion 2014 record, becoming the largest IPO in history [10, 2]. Some sources peg the valuation closer to $1.75 trillion, showing some differences in estimates [10, 3, 1].
SpaceX had prepared to file confidential IPO paperwork in mid-May and confirmed its intent publicly earlier this month, with Musk stating on May 18, "We have got to get the SpaceX IPO stuff going here pretty soon" [5, 11]. The Starship V3 launch delay was resolved quickly, with Musk promising another launch attempt within 24 hours if the issue was fixed [6]. After the successful test flight, Musk congratulated the SpaceX team, calling it "a goal for humanity" [7]. NASA Administrator Jared Isaacman added the flight moved humanity "one step closer to the Moon… one step closer to Mars" [7].
IPO marketing is expected to begin June 4, with pricing targeted for June 11 and official Nasdaq listing on June 12, 2026 [5].
