Posted on 05/20/2026 4:50:31 PM PDT by thegagline
SpaceX filed for an initial public offering on Wednesday, as the Elon Musk-owned rocket manufacturer moves to raise more capital for its space, AI and satellite ventures.
The move comes after SpaceX filed a confidential IPO with the Securities and Exchange Commission last month. SpaceX did not disclose how much money it is seeking to raise, but previous estimates put the amount at up to $75 billion.
SpaceX's IPO could be the largest in history, a record currently held by Saudi Aramco. The state-owned petroleum and natural gas company, based in Saudi Arabia, raised $25.6 billion in its 2019 initial public offering, according to Renaissance Capital, an investment bank.
SpaceX said in a securities filing that it will trade on the Nasdaq Composite exchange under the ticker symbol "SPCX."
The Texas-based company did not immediately respond to a request for comment.
Musk founded SpaceX in 2002 to develop and launch spacecraft. The Texas-based company also owns Musk's artificial intelligence company, xAI and his satellite company, Starlink.
According to SpaceX's filing, the company lost $2.6 billion from its operations last year on $18.7 billion in revenue. SpaceX generated nearly $4.7 billion in revenue in the first three months of 2026.
Most of the company's space-related revenue comes from launching and operating its Falcon 9, Falcon Heavy and Dragon rockets and spacecraft for commercial and government customers.
SpaceX sees a vast potential market for its products and services, valued at more than $28 trillion. That includes $370 billion for its space ventures, $1.6 trillion for broadband services $26.5 trillion in AI services, nearly 23 trillion in enterprise technology and $600 billion in digital advertising.
The IPO prospectus also underscores SpaceX's broader ambitions, including establishing space colonies. ***
(Excerpt) Read more at cbsnews.com ...
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Robert Plant was living there, not sure if he’s moved back to Wales or to his farm in Kidderminster though.
Also there is that bongo playing actor, forget his name.
Elon Musk’s SpaceX readies for Wall Street blastoff with new filing projecting $28.5 trillion in future revenue
Robert Plant lived here when he was dating Patty Griffin. As for Matthew McConaughey,(the bongo dude) I’ve seen him in the audience at several concerts in Austin.
Thanks for the info, wouldn’t mind sharing a few pints and talking blues at the local Pub with Mr. Plant.
Yeah, hey, hey, hey, McConaughey.
Or “alright, alright, alright”
the real value in this IPO is StarLink ... i don’t think the rocket company itself can deliver very much profit nor has the opportunity for high growth ...
StarLink is but one of several profitable enterprises with SpaceX. Their contracts with NASA and the military bring in billions of dollars. Once StarShip is done with trials, they'll make billions more by undercutting all other rocket companies in delivering payloads into space, cutting costs from millions to hundreds of dollars per pound. Then there are their plans to build AI factories in Space.
Once they merge with Tesla in 2027, they will be on their way to becoming a quadrillion dollar company (a decade or two out). That is the real value of the IPO. I'll be investing in the IPO.
Unfortunately there are a lot of gun grabber whack jobs like Matthew McConaughey living under rocks in the Austin area and they slither out for us to look at them every now and then.
I bought some XOVR ETF stock last month. About 20% of its assets is SpaceX stock.
https://www.google.com/finance/beta/quote/XOVR:NASDAQ
What becomes of my TSLA stock? Is it somehow converted into SpaceX, or does it remain separate and different?
There is talk that TSLA and SpaceX might eventually merge.
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