SpaceX Targets $1.75 Trillion Valuation in Record IPO, Nasdaq Ticker SPCX

SpaceX plans to seek a valuation of about $1.75 trillion in its initial public offering, potentially raising over $75 billion including a greenshoe option, people familiar with the matter said. The roadshow is set to begin this week, and the company could list on Nasdaq under the symbol SPCX as early as June 12, 2026. The offering will consist entirely of new shares, with proceeds flowing to SpaceX. First-quarter revenue rose to $4.69 billion from $4.07 billion a year earlier, but full-year 2025 losses swelled to $49.4 billion on revenue of $18.67 billion. Only the Starlink satellite-communications unit is profitable. The listing will feature a dual-class share structure granting CEO Elon Musk and insiders majority voting control. Analysts note a lack of direct public comparables given SpaceX’s operations across aerospace, defense and AI, adding to valuation uncertainty.