SpaceX revealed its long-awaited plans to go public on Wednesday, shedding light on the finances and leadership of one of the largest, best-known and yet most secretive private companies in history.
Elon Musk’s rocket and satellite company revealed previously undisclosed details, including its board members, sales, profit, expenses and how it does business. It will trade under the ticker symbol SPCX.
One thing it didn’t disclose: How much the company expects to raise and what the company could be worth in what is widely predicted to be the biggest-ever initial public offering, perhaps by a factor of three.
SpaceX is a fast-growing company. It brought in $18.7 billion in revenue last year, up 33% from the previous year. But the company doesn’t make money. After turning a $791 million profit in 2024, it swung back to a $4.9 billion loss in 2025. It lost $4.6 billion in 2023.
Those losses will almost certainly continue in 2026: SpaceX said it has already lost $4.3 billion in the first three months of this year on $4.7 billion of revenue.
