On May 20, American aerospace company SpaceX filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC). According to reports, the company expects to raise up to 75 billion USD in the IPO, which could make it the largest-ever stock market offering, dw.com reports.
According to the documents filed, the shares are planned to be listed on the Nasdaq exchange under the ticker symbol SPCX. Trading is expected to begin as early as June of this year. The company's founder and owner, Elon Musk, will retain his positions as CEO, CTO, and chairman of SpaceX's board of directors following the IPO.
For the first time in its 24-year history, the company disclosed detailed financial results. According to the statement, SpaceX's revenue for 2025 was 18,7 billion USD. However, the company recorded an operating loss of 2,6 billion USD. According to AFP, this was due to significant investments in the development of next-generation rockets and artificial intelligence technology. Reuters reports that the company does not intend to pay dividends to shareholders in the foreseeable future.
SpaceX was founded in 2002. The company is known for developing reusable launch vehicles and the Starlink project, a global satellite broadband internet network with approximately 10 000 satellites in orbit.