SpaceX is finally stepping into the public markets — and it’s doing it at a scale that feels almost unreal.
Elon Musk’s rocket and satellite company has unveiled plans to list on the Nasdaq under the ticker SPCX.
Targeting a valuation of around $1.75 trillion and aiming to raise up to $80 billion in its IPO expected around 12 June.
After more than two decades operating in relative secrecy, the company is now opening its books to investors for the first time.
So what’s actually powering this space giant? A big chunk comes from Starlink, its satellite internet arm.
Between January and March 2026 alone, it reportedly brought in over $3.2 billion.
For 2025, connectivity overall hit $11.4 billion in revenue — the clearest sign yet that SpaceX is no longer just about rockets.
Space Ambitions Meet Market Reality
But it’s not all smooth orbit. The filings show heavy spending on AI and infrastructure, with capital expenditure exceeding $20 billion last year
A loss of more than $4.2 billion in early 2026.
One insider-style line from the prospectus puts the ambition bluntly: building systems “to make life multiplanetary” and “extend the light of consciousness to the stars.”
Industry analysts say this IPO is less about rockets and more about control of future tech infrastructure.
Space, internet, AI — all bundled into one corporate ecosystem.
And here’s the real question: when a company starts thinking beyond Earth, how do you even price it on Earth’s stock market?
