# Space exploration company SpaceX has filed the paperwork needed to undergo its long-awaited initial public offering (IPO) It could make founder and chief executive Elon Musk the world's first trillionaire.

*aerospace · news · 2026-05-21 · Australian Broadcasting Corporation*

## Key points

- SpaceX has filed for an IPO and aims for a Nasdaq listing under ticker SPCX by June 12.
- The IPO prospectus revealed SpaceX lost $4.3 billion in Q1 2025, despite Starlink's $1.2 billion operating profit.
- xAI, acquired in February, incurred $6.4 billion in losses and $189 million in legal expenses for 2025.
- Musk will retain over 85% voting power post-IPO through a dual-class share structure.
- SpaceX plans to launch up to 10,000 satellites annually within five years, pending FAA approval.

**Companies:** SpaceX
**Countries:** United States

[Read the full story on Australian Broadcasting Corporation](https://www.abc.net.au/news/2026-05-21/elon-musk-spacex-initial-public-offering-reveals-rocket-plans/106706028)

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