Elon Musk’s plans to achieve trillionaire status have taken a big leap forward after his company SpaceX publicly released its initial public offering (IPO).
On May 20, 2026, SpaceX published a prospectus, nearly 300 pages long, setting out the company’s ambitions and achievements for the US Securities and Exchange Commission (SEC).
The documents states that SpaceX has applied to list its Class A common stock on The Nasdaq Stock Market and Nasdaq Texas, under the symbol ‘SPCX’ and at a valuation of around $1.75 trillion
The amount of shares of the company’s Class A common stock that will be offered, as well as the price per share, has been left blank.
In the document, SpaceX described its mission “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars”.
The prospectus added that it is the “only company building the integrated hardware and software infrastructure of the future across space, connectivity, and AI”.
As the Founder, Chief Executive Officer, Chief Technical Officer and the Chairman of the Board, Musk is placed front and center in the IPO prospectus, with his exact voting power yet to be disclosed.
The prospectus also revealed that SpaceX’s total revenue for 2025 was $18.6 billion, with total costs and expenses placed at $21.2 billion. The firm’s net income loss was $4.9 billion.
Read the full SpaceX SEC filing.