aerospace / news / / Australian Broadcasting Corporation
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.
SpaceX has filed for an IPO and aims for a Nasdaq listing under ticker SPCX by June 12.
KEY POINTS
- 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
Summarized by Newsio from Australian Broadcasting Corporation. How we summarize →