SpaceX Files for Historic IPO That Could Make Elon Musk the World's First Trillionaire

It's the stock market moment the world has been waiting for. SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company — officially known as Space Exploration Technologies Corp. — would trade on the Nasdaq exchange under the ticker symbol SPCX. The world's largest private company is targeting as much as $75 billion in its listing at a valuation of more than $2 trillion. The IPO could make CEO Elon Musk the world's first trillionaire. SpaceX made $18.6 billion in revenue in 2025, an increase of 33% from a year earlier, but the filing shows the company reported a net loss of $4.3 billion for the three months ended March 31. The company anticipates offering everyday retail investors the chance to buy in through platforms including Schwab, Fidelity, Robinhood, SoFi, and E*Trade.

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