SpaceX has submitted documents to move forward with its highly anticipated initial public offering, setting the stage for what could become one of the largest public market debuts in U.S. history.
The company, founded by Elon Musk in 2002, has grown from an ambitious private space startup into the world’s most valuable space business.
SpaceX is best known for transforming the launch industry through reusable rockets, which can land and be flown again, dramatically changing the economics of space travel.
The company has also become a major player in global internet infrastructure through Starlink, its satellite internet network that provides service to consumers, businesses and governments around the world.
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According to the filing, SpaceX plans to list shares on the Nasdaq stock exchange under the ticker symbol SPCX. The company also plans to trade on the recently launched Nasdaq Texas exchange, reflecting its headquarters in Starbase, Texas.
The IPO is expected to draw massive attention from investors because SpaceX could reportedly become the first U.S. company to go public with a market value above $1 trillion at the time of its offering.
That would place SpaceX among the most valuable companies in the world and mark a major milestone for Musk’s long-term vision of commercial space expansion.
Beyond rocket launches and satellites, SpaceX has promoted even more ambitious goals, including future Mars colonization and the possible use of space-based infrastructure for artificial intelligence and data services.
Supporters say the company has already reshaped the aerospace industry by lowering launch costs, increasing launch frequency and creating a commercial model that competitors and governments have struggled to match.
Critics may question whether the company’s valuation can be justified, especially as space exploration remains expensive and technically difficult.
Still, demand for SpaceX shares is expected to be extremely high, especially among investors looking for exposure to space technology, satellite internet, defense contracts and Musk-led innovation.
If the IPO moves forward as planned, it could become one of the defining financial events of the year and a major test of investor appetite for the next phase of the space economy.
SpaceX filed for the largest IPO in stock market history, targeting a $1.75 trillion valuation on Nasdaq under ticker SPCX. Listing starts as early as June 12.
Elon retains 85.1% of voting power. At the target valuation, his SpaceX stake alone pushes his net worth past $1… pic.twitter.com/IzXbghGiCF
— Mario Nawfal (@MarioNawfal) May 21, 2026
