SpaceX just filed its S-1 prospectus with the SEC, officially launching what could be the largest IPO ever recorded. The Elon Musk rocket company plans to list on the Nasdaq under the ticker SPCX, and Wall Street is already paying attention.
The numbers are massive. SpaceX pulled in $18.67 billion in revenue in 2025, with Starlink satellite internet accounting for over $11 billion of that figure. But the company also burned hard, posting a $4.9 billion loss while capital expenditures jumped from $11.2 billion in 2024 to $20.7 billion last year.
That spending gap explains why SpaceX needs public markets. Starlink growth is real, but scaling rockets, satellites, and global internet infrastructure costs serious money. The S-1 filing puts the full picture in front of investors for the first time.
SpaceX going public is one of the most anticipated stock market events in years, and the hype is completely justified.
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