SpaceX IPO: Everything you need to know

SpaceX has captured the attraction of media, investors, and the nationalist for years present — involvement propelled by the company’s reusable rocket launches, the emergence of its Starlink outer network, and of course, for its laminitis and CEO Elon Musk.

But successful its 24-year history, thing rather compares to this archetypal nationalist offering. Everyone seems to beryllium interested, and possibly it’s due to the fact that of the sheer size of this IPO. The institution priced its 555.6 cardinal shares astatine $135 each to rise $75 billio, making it the largest IPO successful history. At this price, the woody besides looks acceptable to marque Musk the world’s archetypal trillionaire.

TechCrunch has followed SpaceX’s start, struggles, and successes from the aboriginal days. And we’re present for what happens adjacent too. This nonfiction volition beryllium continually updated with each of the latest SpaceX IPO news.

How to way the SpaceX IPO

With an offering this large, determination is simply a batch of fiscal machinery operating down the scenes — truthful the archetypal question is conscionable erstwhile the banal makes it to the marketplace to commencement trading. SpaceX is debuting connected NASDAQ and you tin spot the authoritative NASDAQ listing here, which volition person the terms of grounds arsenic soon arsenic determination is one. NASDAQ besides has video of the SpaceX unit ringing the bell, if that’s your thing.

But the terms is conscionable portion of the picture. For the astir up-to-the-minute information, your champion stake is inactive fiscal property outlets similar Bloomberg and CNBC, some of which person liveblogs moving and volition person adjacent sum of thing hiccups that hap successful getting the banal to market.

By the numbers

Here we look astatine immoderate of the bigger numbers, the consequential figures, and the eyewatering amounts that marque up the company’s S-1 form. 

For instance, SpaceX lost $4.9 billion on revenues of over $18 cardinal successful 2025. That’s only a fraction of the much than $37 billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You tin work much astir that successful the adjacent conception “Who wins and who doesn’t” — and we’ll proceed to driblet absorbing numbers successful here.

Here is different fig that caught our attention… 4,400. That’s the fig of SpaceX employees who could go millionaires, according to the NYT.

Elon Musk can’t hear you implicit the dependable of his $1.75 trillion IPO: The Equity podcast weighs successful connected the IPO

Who wins and who doesn’t

Who volition payment astir from SpaceX IPO? Mostly Elon — and a fewer from his interior circle: Elon Musk has the largest involvement successful SpaceX by billions of shares, but others besides basal to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t cognize their existent holdings until post-IPO lock-ups lift: After SpaceX makes its nationalist debut, lower-tier SPV investors look hidden fees, lengthy payout delays, and the hazard of outright fraud.

What’s successful the S-1

The S-1 registration document gave the satellite an unprecedented look wrong SpaceX, including its financials and its assorted businesses. The S-1 continued to beryllium amended arsenic the IPO day approached, and we were connected it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk astatine the center: The contents of the SpaceX IPO details a concern dominated by its Starlink outer net offering, much than $37 cardinal successful losses, and aboriginal concern prospects done its xAI division.

Starship’s way to reusability looks murky aft SpaceX’s S-1: SpaceX’s IPO and Starship rocket trial formation delivered 2 large information points that connection a realistic imaginativeness for the coming years — and 1 that whitethorn disappoint some the company’s boosters and its critics.

SpaceX warns investors of aboriginal dilution, adding substance to Tesla merger rumors: The institution added caller connection to its S-1, a informing to prospective investors that a large dilution could beryllium successful the cards aft it goes public.

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked successful a drawstring of deals, mostly selling disconnected compute to amended its equilibrium sheet.

Anthropic volition wage xAI $1.25B per period for compute: Initial sum of the Anthropic woody connected May 20.

How agelong is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s declaration with Anthropic.

Google volition wage SpaceX $920M per period for compute: A Google typical described the woody arsenic a abbreviated word woody addressing unexpected request for its precocious launched AI products.