SpaceX Files for Nasdaq IPO

SpaceX officially files for Nasdaq IPO. Financial details, future plans, and key insights about the rocket company founded by Elon Musk.

Today / 21:10|Last updated: Today / 21:13

SpaceX Files for Nasdaq IPO — Photo: Prepared by Bond.az

SpaceX officially filed for an initial public offering on Wednesday. The company plans to list on the Nasdaq under the ticker symbol SPCX.

Founded by Elon Musk in 2002, the company disclosed its financial data. SpaceX generated $18.67 billion in revenue last year.

First-quarter revenue reached $4.69 billion. However, the company reported an operating loss of $1.94 billion.

The bulk of revenue came from Starlink satellite internet services. In Q1, it generated $3.26 billion from this segment.

Goldman Sachs, Morgan Stanley, and other banks will manage the IPO. Musk holds 85.1% voting power.

After the IPO, Musk will remain CEO, CTO, and Chairman.

SpaceX plans to explore asteroid mining and AI services.

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