Elon Musk’s SpaceX files for a record $75 billion IPO, positioning it as the seventh most-valuable U.S. company ahead of its Nasdaq debut.
SpaceX will raise $75 billion in its initial public offering, selling 555.6 million shares at $135 each. The deal values the company at $1.77 trillion, surpassing Tesla’s market capitalization and ranking it among the top U.S. firms by valuation.
First-quarter revenue rose 15% year-over-year to $4.69 billion, while full-year 2025 revenue grew 33% to $18.67 billion. Despite revenue growth, SpaceX reported a net loss of $4.28 billion in the latest quarter, following a $4.94 billion loss in 2025. Capital expenditures surged to $10.1 billion in Q1, with $7.7 billion allocated to AI initiatives.
The IPO marks the first opportunity for public investors to buy into SpaceX, which operates Starlink and xAI alongside its core space business. Trading begins Friday on Nasdaq.