SpaceX has captured the attention of the media, investors and the public for years now — interest fueled by the company’s reusable rocket launches, the emergence of its Starlink satellite network and, of course, by its founder and CEO Elon Musk.
But in its 24-year history, nothing compares to this IPO. Everyone seems to be interested, and maybe it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire.
TechCrunch has followed SpaceX’s start, struggles and successes from the early days. And we’re also here for what happens next. This article will be continuously updated with all the latest SpaceX IPO news.
How to track the SpaceX IPO
With such a large supply, there is a lot of financial machinery working behind the scenes – so the first question is just when the stock will hit the market to start trading. SpaceX debuts on Nasdaq and you can see the official Nasdaq listing here, which will have the record price as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell if that’s your thing.
But the price is only part of the picture. For the most up-to-date 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 happen in getting the stock to market.
By the numbers
Here, we look at some of the bigger numbers, the trailing numbers, and the eye-popping amounts that make up the company’s S-1 form.
For example, SpaceX lost $4.9 billion on revenue of over $18 billion by 2025. That’s just a fraction of the more than $37 billion lost since SpaceX’s inception.
As CEO, Elon Musk holds approximately 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” – and we continue to throw in interesting numbers here.
Here’s another number 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 wants more than 50% of the vote, will have a monarchical grip on the publicly traded version of SpaceX — control that goes far beyond what other tech founders enjoy.
Who will benefit most from the SpaceX IPO? Mostly Elon – and a few from his inner circle: Elon Musk has the largest stake in SpaceX with billions of shares, but others also stand to gain. Here’s a breakdown of who owns what.
SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups are lifted: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, long payout delays and the risk of outright fraud.
What’s in the S-1
The S-1 filing gave the world an unprecedented look inside SpaceX, including its finances and its various businesses. The S-1 continued to be amended as the IPO date approached and we were on it. Here’s what we found.
The SpaceX IPO filing is filled with AI bets, Starship dreams and Elon Musk at the center: The content of the SpaceX IPO describes a company dominated by the Starlink satellite Internet offering, more than $37 billion in losses 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 delivered two major data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.
SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, warning potential investors that a major dilution could be in the cards after it goes public.
Pre-IPO offers and events
Before the IPO, SpaceX locked in a number of deals, selling mostly from computers to improve its balance sheet.
Anthropic will pay xAI $1.25B per month for computing: Initial coverage of the Anthropic Agreement 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 per month for computing: A Google representative described the deal as a short-term deal that addressed unexpected demand for its recently launched AI products.
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