# SpaceX計劃以代碼「SPCX」在納斯達克上市，公司目標估值約1.75兆美元。

*genai · news · 2026-05-22 · Moneycontrol*

## Key points

- SpaceX目標以代碼SPCX在納斯達克首次公開募股，估值近1.75兆美元。
- 埃隆·馬斯克的獎金與將百萬人移居火星的目標掛鉤，該條件已在申報文件中披露。
- Starlink目前占SpaceX收入的69%，全球服務超過一千萬訂閱用戶。
- 馬斯克將透過雙重股權結構在IPO後保有85.1%的投票控制權。
- SpaceX的IPO可能促使其迅速納入納斯達克100指數，可能引發數十億美元的指數基金需求。

SpaceX has officially filed for its long-awaited Initial Public Offering (IPO), setting the stage for what could become one of the largest stock market debuts in history. The company plans to list on the Nasdaq under the ticker symbol “SPCX” and is targeting a valuation of around $1.75 trillion, a level that would place it among the world’s most valuable publicly traded firms. Investor roadshows are expected to begin on June 4, with trading potentially starting on June 12. The filing outlines SpaceX’s rapid expansion, with the company reporting $18.64 billion in revenue in 2025, a 33% increase from the previous year. However, rising investments in artificial intelligence, satellite infrastructure and broader expansion plans pushed annual net losses to $4.94 billion, while capital expenditure climbed above $20 billion. Satellite internet business Starlink continued to serve as the company’s biggest revenue driver, accounting for nearly 69% of quarterly revenue and serving over 10 million subscribers worldwide. The filing also highlighted SpaceX’s growing focus on AI infrastructure, including orbital data centres, computing systems and partnerships linked to the broader Elon Musk business ecosystem. The IPO prospectus also revealed an unusual compensation structure tied to founder Elon Musk. Musk’s bonus package depends not only on SpaceX achieving valuation targets between $400 billion and $6 trillion, but also on an ambitious long-term goal involving human settlement on Mars. The filing states that Musk’s bonus becomes eligible only if SpaceX moves one million people to Mars, a target the billionaire has repeatedly described as critical to humanity’s long-term survival, though experts believe such ambitions remain decades away. A second incentive package links additional shares to plans for developing orbital data centres capable of producing computing power at unprecedented levels. Despite opening ownership to public investors, control of the company will remain heavily concentrated. The filing shows Musk retains 85.1% voting control through a dual-class share structure, giving him decisive influence over the company’s direction after listing. Market participants are also watching the IPO because of expectations that SpaceX could qualify for rapid inclusion in the Nasdaq-100, potentially triggering billions of dollars in demand from index funds and institutional investors shortly after its debut. Analysts believe the listing could also reshape investor sentiment around future large-scale technology and AI public offerings.

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

[Read the full story on Moneycontrol](https://www.moneycontrol.com/world/one-million-people-on-mars-the-condition-tied-to-elon-musk-s-spacex-ipo-payout-article-13927306.html)

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