SpaceX, which provides reusable rockets for space travel, global satellite internet, and AI models, filed on Wednesday with the SEC to raise up to what we estimate could be $75 billion in an initial public offering.
SpaceX is an aerospace manufacturer and space transportation company that designs, manufactures, and operates rockets, spacecraft, and satellite systems. The company's Falcon rocket family has accounted for more than 80% of mass launched to orbit globally each year since 2023, with a mission success rate above 99%. SpaceX also operates Starlink, a low-Earth orbit broadband network of approximately 9,600 satellites providing high-speed internet connectivity to consumer, enterprise, and government customers worldwide. Beyond launch services, the company is developing capabilities in lunar and interplanetary exploration, as well as AI and energy infrastructure, with a long-term focus on human expansion beyond Earth.
The Starbase, TX-based company was founded in 2002 and booked $19.3 billion in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol SPCX. SpaceX filed confidentially on March 30, 2026. Goldman Sachs, Morgan Stanley, BofA Securities, Citi, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, Allen & Company, Cantor Fitzgerald, Needham & Co., Raymond James, Societe Generale, Stifel, and William Blair are the joint bookrunners on the deal.
