TEMPO.CO, Jakarta - Elon Musk's SpaceX on Wednesday publicly filed for an initial public offering, opening the books on the company that has revolutionized rocket technology.
The private rocket maker, satellite and artificial intelligence company plans to trade under the ticker symbol SPCX on the Nasdaq stock exchange, according to the IPO prospectus. The filing could pave the way for a June listing.
A prospectus is a legal document that every private company that transitions to a public one is required to file with the US Securities and Exchange Commission so potential investors know about the risks and opportunities that come with the company.
The regulatory filing did not put a dollar figure on the amount that Musk hopes to raise at the IPO, but several media reports put that amount at $75 billion (roughly €64.5 billion).
If the company surpasses the targeted valuation of about $1.7 trillion, Musk's net worth would surpass 13 figures, making him the world's first trillionaire.
SpaceX's IPO filing: What to know
The filing shows Musk's SpaceX generated about $18.7 billion in revenue but recorded an operating loss of $2.6 billion ($4.9 billion net loss) after heavy spendings on AI technologies and a bigger rocket.
SpaceX's biggest financial engine was its Starlink satellite business that generated more than $11.4 billion in revenue in 2025, up nearly 50% year-on-year.
But SpaceX's other units have been struggling.
Its social media platform X and artificial intelligence business xAI, both of which were acquired by SpaceX in February, recorded $3.2 billion in revenue for the full year 2025 but posted an operating loss of $6.4 billion.
Musk is the only one who can fire himself
The company has adopted numerous provisions that, taken together, severely limit shareholder rights and protect Musk from being fired by anyone other than the billionaire himself.
That raises questions over the extent of power that Musk has over the company and whether there are enough safeguards to keep him in check.
Under the current structure, Musk would control some 85% of the company's voting power while holding around 42% of equity.
SpaceX acknowledged in its filing that that could pose a risk for potential investors. It noted that the world's richest person, set to become the company's CEO, CTO, and chair of the board after the IPO, "will have the power to control the outcome of matters requiring shareholder approval, including election of all our directors."
At Tesla, another of Musk's ventures where he is the company's largest individual shareholder, he has faced resistance from other shareholders.
SpaceX will be able to pitch the offering to investors — in what's known in Wall Street parlance as a "road show" — 15 days after making its prospectus public. In this case, that works out to June 4.
Read: Who Is the Richest Person in the World? 2026 Top 10 List
Click here to get the latest news updates from Tempo on Google News
SpaceX Sets May 19 for First Launch of Starship Version 3
2 hari lalu
SpaceX has announced the scheduled launch of Starship version 3 for its maiden flight on May 19, 2026, from the Starbase facility in South Texas.
OpenAI Boss Sam Altman Says Elon Musk Wanted Control of Company
8 hari lalu
Sam Altman testified in trial that could determine the future of OpenAI, the company behind ChatGPT.
Musk vs. OpenAI Trial Gets Underway
23 hari lalu
Two giants in the AI sector are set for a courtroom battle: Elon Musk (xAI) is taking on Sam Altmann (OpenAI).
Elon Musk Takes OpenAI to Court Over Shift From Nonprofit Mission
24 hari lalu
Elon Musk's lawsuit accusing OpenAI of abandoning its non-profit mission is set to go to trial on Monday, with jury selection underway in California.
Who Is the Richest Person in the World? 2026 Top 10 List
16 Maret 2026
In Q1 of 2026, Elon Musk still stands as the richest person in the world, hailing an enormous gap with the rest of the billionaires on the list.
Mexican President Weighs Lawsuit Against Elon Musk Over Cartel Claims
25 Februari 2026
Mexican President Claudia Sheinbaum will sue Elon Musk for allegedly being close to drug cartels.
Ireland Launches Data Protection Probe into Grok's Deepfakes
17 Februari 2026
This latest investigation, on behalf of the EU, will look into whether X violated the bloc's data protection rules.
Epstein Files Reveal Ties to Trump, Clinton, Gates, and Musk
5 Februari 2026
Millions of US Justice Department documents reveal Jeffrey Epstein's ties to politicians, businesspeople and world figures before and after his 2008 c
SpaceX Acquires xAI, Musk Envisions AI Operating in Orbit
4 Februari 2026
Elon Musk predicts that within the next two to three years, producing AI computations in outer space will be the most cost-effective method.
Why French Prosecutors Raided Elon Musk's X Offices in France
3 Februari 2026
French prosecutors have raided the offices of Elon Musk's social media platform X as part of the investigation into alleged dissemination of child sexual abuse images and deepfakes.
:strip_icc():format(jpeg)/kly-media-production/medias/4174191/original/099991100_1664358430-bacaan-doa-setelah-adzan-beserta-arti-dan-keutamaannya.jpg)
:strip_icc():format(jpeg)/kly-media-production/medias/5385863/original/035777200_1760946460-KIP_Kuliah.jpg)
:strip_icc():format(jpeg)/kly-media-production/medias/5502852/original/043074800_1771048777-4.jpg)
