SpaceX, the aerospace company owned by Elon Musk, has announced plans to go public in the United States, paving the way for investors to trade shares in the company on the stock market.
According to reports, the Initial Public Offering is expected to become one of the largest listings in Wall Street history and could begin as early as next month under the ticker symbol “SPCX.”
SpaceX operates rocket launch services, the satellite internet platform Starlink, and also controls Musk’s artificial intelligence company, xAI.
The proposed listing is expected to significantly increase Musk’s personal wealth due to his majority ownership in the company.
SpaceX currently values itself at approximately $1.25 trillion, with Musk’s stake estimated at more than $600 billion. Analysts say the IPO could push the billionaire’s net worth beyond the $1 trillion mark.
Musk, who also leads electric vehicle manufacturer Tesla, became the first person in history to surpass a net worth of $500 billion last year.
The IPO filing also provided fresh insight into SpaceX’s financial performance.
The company, officially known as Space Exploration Technologies, generated revenue of $18.6 billion in 2025 but recorded a net loss of $4.9 billion.
In the first quarter of 2026, the company posted sales of $4.7 billion alongside a net loss of $4.3 billion.
SpaceX disclosed that it expects to incur more than half a billion dollars in legal expenses linked to multiple ongoing lawsuits and regulatory disputes.
Among the cases highlighted are lawsuits alleging that Grok, the chatbot developed by xAI, has been used to create sexualised deepfakes involving real women and girls.
Musk has previously stated that he intends to dissolve xAI and consolidate his artificial intelligence ambitions under SpaceX.
The company also owns X, the social media platform formerly known as Twitter, which Musk acquired in 2022.
Additional legal challenges facing SpaceX include patent infringement claims, allegations of noncompliance with European Union content moderation rules, music copyright disputes, and data breach lawsuits.
Despite the legal concerns, the planned IPO is expected to attract significant investor interest due to SpaceX’s dominance in the commercial space industry and the rapid growth of its satellite and AI businesses.
