SpaceX announced its intention to go public on the Nasdaq under the symbol SPCX at a valuation of about $1.75tn, with an expected listing date of 12 June, according to The Guardian. The company seeks up to $80bn in investment and has already confidentially filed for an IPO, allowing time for regulatory review before public disclosure.

Funding Ambitious Projects

The capital raised from the IPO is expected to support SpaceX’s most ambitious ventures, including the development of its Starship rocket, Mars colonization efforts, and space-based data centers, as reported by Crypto Briefing. These projects include what some describe as orbital computing infrastructure, a futuristic concept that SpaceX has shown a history of turning into viable operations.

Elon Musk plans to retain control of the company post-IPO, a strategy he also used at Tesla — the prospectus suggests a target valuation range from $1tn to $1.75tn, with a mid-range sweet spot around $1.5tn. The IPO could raise more than $25bn, with some estimates suggesting the amount may exceed $30bn.

Starlink as the Revenue Engine

The company’s connectivity segment. Particularly its Starlink satellite internet service, has emerged as the strongest pillar of SpaceX’s business; Starlink generated over $3.2bn in revenue during the first quarter of 2026 alone and contributed $11.4bn in 2025, according to The Guardian. This segment is driving much of the company’s valuation and growth.

SpaceX has also revealed significant financial commitments, including capital expenditures exceeding $20bn in 2025 against $18.7bn in revenue, the company reported a loss of over $4.2bn in the first three months of 2026, highlighting the high costs of its ambitious technological pursuits.

Implications for Musk and the Market

SpaceX’s IPO could elevate Elon Musk’s net worth to a trillion dollars from his current estimated $807bn, according to Forbes, the listing is one of the largest in history, rivaling Saudi Aramco’s $29bn IPO in 2019, which had a valuation of $1.7tn. This move places SpaceX in a new financial league, with the potential to rework the global tech and space sectors.

“Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars,” SpaceX stated in its prospectus, according to The Guardian. The IPO not only brings financial clarity to a previously secretive company but also marks a new chapter in its pursuit of interplanetary ambitions.