SpaceX IPO: Everything you need to know

SpaceX has captured the attention of the media, investors, and the public for years now — attention driven by the company’s launches of reusable rockets, the rise of its Starlink satellite network, and, of course, its founder and CEO Elon Musk.

But in its 24-year history, nothing has matched this initial public offering. Everyone seems interested, and that’s probably due to the sheer size of this IPO. The company priced its 555.6 million shares at $135 per share 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 trillionaire.

TechCrunch has followed SpaceX’s inception, struggles, and successes from the early days. And we’re here for what happens next, too. This article will be constantly updated with the latest SpaceX IPO news.

How to track the SpaceX IPO

With an offering of this size, there are a lot of financial mechanisms at work behind the scenes – so the first question is when the stock hits the market to start trading. SpaceX has debuted on the Nasdaq and you can see the official Nasdaq listing here, which will have a benchmark price once it’s in place. Nasdaq also has a video of the SpaceX crew ringing the bell, if that’s your thing.

But price is only part of the picture. For the latest information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have live blogs running and will have close coverage of any hiccups that occur in getting the stock to market.

In numbers

Here we look at some of the bigger numbers, consequential numbers, and staggering amounts that make up a company’s S-1 form.

For example, SpaceX lost $4.9 billion on revenue of more than $18 billion in 2025. This is only a small portion of the more than $37 billion lost since SpaceX was created.

As CEO, Elon Musk owns approximately 85.1% of the voting power in the company. You can read more about that in the next section “Who Wins and Who Doesn’t” – and we’ll keep mentioning interesting numbers here.

And here’s another number that caught our attention… 4,400. That’s how many SpaceX employees could become millionaires, according to the New York Times.

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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 with the SpaceX IPO: Musk, who will have more than 50% of voting power, will have an ownership grip on the publicly traded version of SpaceX — control far beyond what other tech founders have.

Who will benefit most from a SpaceX IPO? Mostly from Elon, and a few from his inner circle: Elon Musk has the largest stake in SpaceX with billions of shares, but others will also win. Here’s a rundown of who owns what.

SpaceX SPV investors won’t know their true holdings until post-IPO lockups are lifted: After SpaceX’s public debut, lower-tier SPV investors face hidden fees, long payment delays, and the risk of outright fraud.

What’s in an S-1?

The S-1 registration document gave the world an unprecedented look inside SpaceX, including its financials and various businesses. The S-1 continued to be amended as the IPO date approached, and we were working on that. Here’s what we found.

SpaceX’s IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of SpaceX’s IPO detail a business dominated by Starlink’s satellite internet offering, losses of more than $37 billion, and future business prospects through its xAI division.

Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight provided two big data points that offer a sobering view of the coming years — and one that may disappoint the company’s supporters and critics.

SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company has added new language to its S-1, a warning to potential investors that significant paperwork dilution may occur after it goes public.

Pre-IPO deals and events

In the run-up to its IPO, SpaceX made a series of deals, mostly selling computing, to improve its balance sheet.

Anthropic will pay xAI $1.25 billion a month for computing: Initial coverage of the Anthropologie deal on May 20.

How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk continues to downplay the length of SpaceX’s contract with Anthropic.

Google will pay SpaceX $920 million per month for computing: A Google representative described the deal as a short-term deal that addresses unexpected demand for its recently launched AI products.