BUSINESS
United States: SpaceX files record-setting IPO prospectus
PUBLISHED May 21, 2026, 8:50 AM ET
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SpaceX, the privately held U.S. rocket and satellite company led by Elon Musk, has filed an IPO prospectus with the U.S. Securities and Exchange Commission that could become the largest initial public offering in history. Made public on Wednesday, May 20, 2026, the S-1 indicates SpaceX is targeting up to $75 billion in new capital at a potential valuation exceeding $2 trillion. The filing reveals sharply widening losses despite rapid revenue growth, including a $4.94 billion net loss in 2025 and a $4.28 billion net loss in the first quarter of 2026, along with an accumulated deficit of $41.3 billion as of March 31.
By James Porter | JQJO News
Timeline of Events
- 2023 SpaceX begins recording steep cumulative losses
- 2024 Company posts $791 million annual profit
- 2025 Revenue rises to $18.7 billion total
- 2025 Net loss reaches $4.94 billion companywide
- 2025 SpaceX spends heavily on artificial intelligence
- First quarter 2026 Loss balloons to $4.28 billion
- March 31 2026 Accumulated deficit hits $41.3 billion
- May 20 2026 SpaceX files landmark IPO prospectus
News Intelligence
- SpaceX's IPO could impact your wallet. If you're an investor, this is a high-risk, high-reward situation. The company's losses are steep, but its potential is huge. Before investing, review your risk tolerance and financial goals.
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