SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits
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SpaceX is officially set for the largest IPO on record.
Key facts
Elon Musk's reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission
SpaceX said in its prospectus that revenue increased 15% to $4.69 billion in the first quarter from $4.07 billion a year earlier
The company recorded a net loss in the latest quarter of $4.28 billion after losing $4.94 billion in 2025
Oppenheimer opened with an outperform rating and a 12- to 18-month price target of $190, implying a gain of 40% from the IPO price
Summary
Elon Musk's reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. SpaceX's Nasdaq debut will come Friday, when the masses will have their first opportunity to buy into the 24-year-old company. SpaceX said in its prospectus that revenue increased 15% to $4.69 billion in the first quarter from $4.07 billion a year earlier. In addition to its space business, Musk's company owns the Starlink satellite internet service, which accounts for the bulk of its revenue and is the only profitable unit, and artificial intelligence division xAI, which merged with SpaceX in February. SpaceX said in its IPO filing that capital expenditures in the first quarter reached $10.1 billion, more than doubling from a year earlier.