SpaceX’s Starship being prepared for its 12th test flight. The company reported spending $3 billion on Starship development in 2025. Credit: SpaceX
WASHINGTON — SpaceX filed documents for an initial public offering of stock May 20, revealing the company’s finances and enormous ambitions.
The company filed its S-1 registration statement with the U.S. Securities and Exchange Commission after the markets closed. That document is a step towards one of the most anticipated IPOs in recent memory, expected to take place on the Nasdaq exchange by mid-June.
The S-1 form did not include details such as the number of shares the company plans to sell or pricing, details that are frequently excluded in the initial filing of the document and updated closer to the IPO. SpaceX is seeking to raise up to $80 billion at a valuation of around $2 trillion, according to numerous reports.
The document, though, does provide financial details that the privately held company has not disclosed previously. The company reported in 2025 revenue of $18.7 billion and adjusted EBITDA of $6.6 billion, while in the first quarter of 2026 SpaceX recorded $4.7 billion in revenue and adjusted EBITDA of $1.1 billion.
