SpaceX IPO: Everything you need to know
TechCrunch • • business
Key Points:
- SpaceX has launched the largest IPO in history, pricing 555.6 million shares at $135 each to raise $75 billion, potentially making Elon Musk the world’s first trillionaire.
- The company reported $18 billion in revenue and a $4.9 billion loss in 2025, contributing to a total loss exceeding $37 billion since its founding.
- Elon Musk retains about 85.1% of SpaceX’s voting power, giving him dominant control over the publicly traded company, far surpassing typical tech founder influence.
- Approximately 4,400 SpaceX employees are projected to become millionaires as a result of the IPO, while some lower-tier investors face risks such as hidden fees and payout delays.
- The IPO filing revealed SpaceX’s focus on its Starlink satellite internet business, AI ventures like xAI, and ongoing challenges with the Starship rocket’s path to reusability, alongside warnings of potential future stock dilution.