SpaceX has drawn media, investor and public attention for years — interest fueled by the company’s reusable rocket launches, the rise of its Starlink satellite network and, of course, its founder and CEO Elon Musk.
But in its 24-year history, nothing compares to this initial public offering. Everyone seems interested, and maybe that’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 that price, the deal also looks set to make Musk the world’s first billionaire.
TechCrunch has followed SpaceX’s inception, struggles and successes since its early days. And we’re here for what happens next. This article will be continuously updated with all the latest SpaceX IPO news.
How to watch the SpaceX IPO
With such a large offering, there’s a lot of financial machinery going on behind the scenes — so the first question is when does the stock hit the market to start trading. SpaceX debuts on Nasdaq and you can see the official Nasdaq listing herewhich will have the record price once it exists. Nasdaq also has video from the SpaceX crew ringing the bellif that’s your thing.
But price is only part of the picture. For the most up-to-date information, your best bet is still financial media like Bloomberg and CNBCboth have live blogs up and running and will have close coverage of any hiccups that occur in moving the stock to market.
With the numbers
Here we look at some of the biggest numbers, trailing numbers and eye-popping amounts that make up the company’s S-1 filing.
For example, SpaceX lost $4.9 billion on revenue of more than $18 billion in 2025. That’s just a fraction of the more than $37 billion lost since SpaceX was founded.
As CEO, Elon Musk holds approximately 85.1% of the company’s voting power. You can read more about that in the next “Who’s Winning and Who’s Not” section — and we’ll continue to throw in interesting numbers here.
Here’s another number that caught our eye… 4,400. This is how many SpaceX employees 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 it 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 will have more than 50% of the voting power, will have monarchical control over the publicly traded version of SpaceX — control that far exceeds what other tech founders enjoy.
Who will benefit most from SpaceX’s IPO? Mainly Elon — and a few of his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others will also gain. Here’s the rundown of who owns what.
SpaceX SPV investors won’t know their actual holdings until post-IPO lock-ups are lifted: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, long payment delays and the risk of fraud.
What’s in the S-1
The S-1 registration document gave the world an unprecedented look inside SpaceX, including its finances and various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here’s what we found.
SpaceX’s IPO filing is filled with AI bets, Starship dreams and Elon Musk at the center: SpaceX IPO content details a business dominated by its Starlink Internet satellite 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 provided two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its detractors.
SpaceX warns investors of future downsizing, adding fuel to Tesla merger rumours: The company added new language to its S-1, a warning to prospective investors that there could be a significant downgrade after going public.
Pre-IPO Offers and Events
Leading up to the IPO, SpaceX closed a series of deals, mostly selling off computers to shore up its balance sheet.
Anthropic will pay xAI $1.25 billion per month for computing: Initial coverage of the Anthropic deal on May 20th.
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 spokesperson described the deal as a short-term deal to address unexpected demand for its recently launched artificial intelligence products.
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