SpaceX Moves Toward Landmark IPO Under Ticker SPCX

(MENAFN) SpaceX has filed for an initial public offering on the Nasdaq under the ticker SPCX, marking a major step toward what could become one of the largest stock market listings in history, according to reports.

The aerospace company, formally known as Space Exploration Technologies Corp., submitted its filing to the U.S. Securities and Exchange Commission on Wednesday. The move follows earlier confidential preparations for the public listing.

Individuals familiar with the process said the company is aiming to raise up to $75 billion, with a potential valuation exceeding $2 trillion. If achieved, the listing would surpass the previous record IPO set by Saudi Aramco in 2019.

SpaceX is a dominant player in the global space launch industry and works extensively with clients such as NASA and the U.S. Department of Defense. Its satellite internet division, Starlink, is also a major revenue driver.

The company’s valuation has grown rapidly in recent years, bolstered by expanding commercial and government contracts, as well as its broader ecosystem of technologies linked to founder Elon Musk.

At the proposed valuation level, SpaceX would rank among the most valuable companies globally, exceeding even Tesla, another major firm led by Musk.

Major financial institutions, including Goldman Sachs and Morgan Stanley, are reportedly leading the offering, alongside several other global investment banks involved in the process.

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