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SpaceX files for IPO as Elon Musk's rocket company preps for public market debut
CBS News ^ | 05/20/2026 | Mary Cunningham

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: africanamerican; investment; ipo; opportunity; space

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The man is a force of nature. Word has it that he resides here in Austin. The most famous people that I have seen walking around the streets of Austin are Billy Joe Shaver, Ian McLagan (Small Faces, Faces etc), Joe “King” Carrasco and Zahn McClarnon at the local HEB. But, I digress…
1 posted on 05/20/2026 4:50:31 PM PDT by thegagline
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To: thegagline

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.


2 posted on 05/20/2026 4:56:53 PM PDT by captmar-vell
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To: thegagline

Elon Musk’s SpaceX readies for Wall Street blastoff with new filing projecting $28.5 trillion in future revenue

https://nypost.com/2026/05/20/business/elon-musks-spacex-readies-for-wall-street-blastoff-with-new-filing-projecting-28-5-trillion-in-future-revenue/


3 posted on 05/20/2026 4:58:43 PM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: captmar-vell

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.


4 posted on 05/20/2026 5:20:22 PM PDT by thegagline (Sic semper tyrannis! Trump & Vance, 2024! (Formerly) Goldwater & Thomas Sowell)
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To: thegagline

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.


5 posted on 05/20/2026 5:31:22 PM PDT by captmar-vell
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To: captmar-vell

Or “alright, alright, alright”


6 posted on 05/20/2026 5:49:36 PM PDT by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
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To: thegagline

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 ...


7 posted on 05/20/2026 6:06:25 PM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: catnipman
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.

8 posted on 05/20/2026 6:17:34 PM PDT by roadcat ( )
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To: thegagline; captmar-vell

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.


9 posted on 05/20/2026 6:44:04 PM PDT by ProgressingAmerica (The U.S. Constitution is not a suicide pact. Progressivism is a suicide pact.)
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To: roadcat

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


10 posted on 05/20/2026 6:46:03 PM PDT by Bubba_Leroy (Our long national nightmare is over!)
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To: thegagline

What becomes of my TSLA stock? Is it somehow converted into SpaceX, or does it remain separate and different?


11 posted on 05/20/2026 7:27:37 PM PDT by CapandBall
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To: CapandBall

There is talk that TSLA and SpaceX might eventually merge.


12 posted on 05/20/2026 7:29:29 PM PDT by thegagline (Sic semper tyrannis! Trump & Vance, 2024! (Formerly) Goldwater & Thomas Sowell)
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To: roadcat

I have all my eggs in NVDA. Put half into SpaceX?


13 posted on 05/20/2026 8:57:37 PM PDT by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: JohnnyP

The best advice I can give, is to diverisfy your investments! All your eggs in one basket can be painful if the basket spills!

I have lost some money in investments, but profitable ones make up for the losses. I have a big investment in Tesla, which has been very profitable. But also in other companies. I lost a lot on Palm, my wife lost on a well-known company, but we’re doing well on others. Diversifying helped us greatly.

NVDA sounds nice, and is a good long-term asset. SpaceX is a good gamble (yes, stock investing is gambling). I’m in for long-term, not short-term gains. Investing for short-term is not a guarantee on quick money. Put some in SpaceX, and let time work for you.


14 posted on 05/20/2026 10:39:35 PM PDT by roadcat ( )
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To: roadcat

Time is no longer my friend, as I’m 79 and willing to gamble.


15 posted on 05/21/2026 12:04:29 AM PDT by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: JohnnyP

I would like to buy some shares in memory of my dear husband who passed last August. He was very much into space exploration. Would buy to leave to our grand daughters.


16 posted on 05/21/2026 12:11:59 AM PDT by antceecee ( )
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To: antceecee

That sounds like a wonderful way to honor the memory of your dear husband.

My wife died in late 2020. Just this last week I was finally emotionally able to spread her ashes in her favorite campsites along the Eastern Sierras.


17 posted on 05/21/2026 12:15:34 AM PDT by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: thegagline

Wonder what the plans are for the $$
More equipment I’d think and facility

You can now charge huge $ to put in space but Elon says he’s gonna drive the price way down

Great idea tech launches to space

My man


18 posted on 05/21/2026 12:19:53 AM PDT by wardaddy (If u hate Trump you’re stupid or clueless what’s going on We’re fighting for our civilization s)
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To: JohnnyP

Beautiful tribute to the one you love. I know it is hard to move beyond the loss. I still need to have Frank’s grave marker engraved…. It is an emotional difficult detail to deal with.

I lost my husband to medical malpractice in acute care last year. I lost my Mother one month before…she was 93 and lived a good long life. I lost my older brother last month. Not a good year for me.

God bless…


19 posted on 05/21/2026 12:27:06 AM PDT by antceecee ( )
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To: thegagline

what will be the price of a SpaceX ipo share

AI
The exact IPO share price for SpaceX has not been finalized, but estimates range widely based on valuation and share structure.

Recent private transactions and analyst projections suggest a potential IPO price between $681 and $1,500 per share. A Reddit post from April 12, 2026, mentions an IPO share price “pitched at $681,” while The Motley Fool article notes analysts believe SpaceX could debut at a $1.5 trillion valuation, implying a $1,500 share price if 1 billion shares are offered. Other estimates, like those from Forge Global, suggest a $650.66 indicative price as of May 20, 2026, based on private market activity.

Additional factors influencing the final price include:

A planned 5-for-1 stock split ahead of the IPO, expected by May 22, 2025, which would reduce the per-share price.

The IPO is anticipated around June 12, 2026, with a potential valuation between $1.5 trillion and $2.0 trillion.

The final price will depend on the official S-1 filing, which was expected by May 20, 2026, but has not yet been confirmed as available.

AI-generated answer. Please verify critical facts.


20 posted on 05/21/2026 4:44:17 AM PDT by PIF (They came for me and mine ... now its your turn)
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