SpaceX Files Nasdaq IPO Targeting $1.75 Trillion Valuation

SpaceX filed for Nasdaq IPO, targeting up to $1.75 trillion valuation, ticker SPCX, with major banks as bookrunners.
FY2025 revenue hit $18.67 bn, Q1 revenue $4.69 bn with $1.94 bn operating loss and $3.26 bn from Starlink connectivity.
Elon Musk retains 12.3% Class A and 93.6% Class B shares, holding 85.1% voting power and will stay CEO, CTO and chairman.
SpaceX announced AI compute shells, asteroid mining, a money‑product platform, acquisition of Cursor ($60 bn equity) and deeper ties with Tesla and Intel.