SpaceX has captured the attention of the media, investors and the public for years – interest fueled by the company’s reusable rocket launches, the rise of its Starlink satellite network and, of course, its founder and CEO, Elon Musk.
But in its 24-year history, nothing compares to this IPO. Everyone seems interested, and maybe it’s because of the size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest initial public offering in history. At this price, the deal also appears to make Musk the world’s first billionaire.
TechCrunch has followed the beginning, struggles and successes of SpaceX since the early days. And we’re also here for what happens next. This article will be continually updated with the latest news on the SpaceX IPO.
How to track the SpaceX IPO
With such a large supply, there is a lot of financial machinery operating behind the scenes, so the first question is when the shares hit the market to start trading. SpaceX debuts on Nasdaq and you can see the official Nasdaq listing herewhich will have the registration price as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bellif that’s your thing.
But price is only part of the picture. For the most up-to-date information, your best bet remains financial media outlets such as Bloomberg and CNBCall of which have live blogs in place and will have close coverage of any mishaps that occur in bringing the stock to market.
By the numbers
Here we look at some of the most important numbers, consequent figures, and eye-watering amounts that make up the company’s S-1 form.
For example, SpaceX lost $4.9 billion on revenue of more than $18 billion in 2025. That’s just a fraction of the more than $37 billion lost since SpaceX’s inception.
As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about this in the next section, “Who wins and who doesn’t”, and we will continue to publish interesting numbers here.
Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires. according to the NYT.
Elon Musk Can’t Hear You Over the Sound of His $1.75 Trillion IPO: The Equity podcast weighs in on the IPO.
Who wins and who doesn’t
SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees and, of course, Elon Musk.
How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have monarchical control over the publicly traded version of SpaceX, a control that goes far beyond that enjoyed by other tech founders.
Who will benefit most from the SpaceX IPO? Mainly Elon, and some of his inner circle.: Elon Musk has the largest stake in SpaceX by billions of shares, but others stand to gain too. Here’s the rundown of who owns what.
SpaceX SPV Investors Won’t Know Their True Holdings Until Post-IPO Lockdowns Are Lifted: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, long payment delays, and the risk of outright fraud.
What’s in the S-1?
The S-1 Registration Document gave the world an unprecedented look inside SpaceX, including its finances and various businesses. The S-1 continued to be modified as the IPO date approached, and we were on it. This is what we found.
SpaceX’s IPO filing is full of AI bets, Starship dreams and Elon Musk at the center: The content of SpaceX’s IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division.
Starship’s path to reusability appears murky after SpaceX’s S-1: SpaceX’s initial public offering and the test flight of the Starship rocket yielded two big pieces of information that offer a realistic vision for the coming years, and that may disappoint both the company’s promoters and its critics.
SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to potential investors that significant dilution could be in the cards after it goes public.
Pre-IPO Offers and Events
Before the IPO, SpaceX closed a series of deals, mostly selling computers to improve its balance sheet.
Anthropic to pay xAI $1.25 billion per month for computing: Initial coverage of the Anthropic deal on May 20.
How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk continues to downplay the duration of SpaceX’s contract with Anthropic.
Google will pay SpaceX $920 million a month for computing: A Google representative described the deal as a short-term deal that addresses unexpected demand for its recently launched artificial intelligence products.
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