SpaceX has attracted media, investor, and public attention for years now — interest fueled by the company’s rocket relaunches, the rise of the Starlink satellite network, and its founder and CEO Elon Musk.
But in its 24-year history, nothing compares to this initial public offering. Everyone seems interested, and maybe it’s because of the size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal looks set to make Musk the world’s first billionaire.
TechCrunch has followed SpaceX’s inception, struggles, and successes since the early days. And we’re here for what happens next as well. This article will be continuously updated with all the latest SpaceX IPO news.
How to track the SpaceX IPO
With such a large offering, there is a lot of financial machinery running behind the scenes – so the first question is when does the stock hit the market to start trading. SpaceX is starting with NASDAQ and you can see the official NASDAQ listing here, which will have a record price as soon as it is available. NASDAQ also has a video of the SpaceX crew ringing the bell, if that’s your thing.
But price is only part of the picture. For the most up-to-date information, your best bet is still financial outlets like Bloomberg and CNBC, both of which have live blogs and will be able to cover whatever hiccups happen to the stock market.
In numbers
Here we take a look at some of the big numbers, resulting figures, and surprising amounts that make up a company’s S-1 form.
For example, SpaceX lost $4.9 billion in revenue of more than $18 billion by 2025. That’s just a fraction of the more than $37 billion lost since SpaceX was founded.
As CEO, Elon Musk holds approximately 85.1% of the company’s voting power. You can read more about that in the next section “Who won and who didn’t” — and we’ll continue to put interesting numbers here.
Here is another number that caught our attention… 4,400. This is the number of SpaceX employees who can become millionaires, according to the NYT.
Elon Musk can’t hear it over the noise of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO
The winner and the loser
SpaceX is the world’s largest IPO in history and it means a big payday for some investors, employees, and Elon Musk.
How Elon Musk will increase his power with the SpaceX IPO: Musk, who will own more than 50% of the voting power, will have the power to rule over the publicly traded version of SpaceX — more control than other tech founders enjoy.
Who will benefit the most from the SpaceX IPO? Mainly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX with billions of shares, but others also stand to win. Here’s a guide to who owns what.
SpaceX SPV investors will not know their actual holdings until the post-IPO lockup is lifted: After SpaceX went public, lower-tier SPV investors faced hidden fees, long payment delays, and the risk of outright fraud.
What is in S-1
The S-1 filing gave the world an unprecedented look inside SpaceX, including its finances and its various businesses. IS-1 continued to be amended as the IPO date approached, and we were on it. Here’s what we found.
SpaceX IPO filing is full of AI bets, Starship dreams, and Elon Musk at the center: Contents of the SpaceX IPO details the business dominated by the Starlink satellite internet offering, losses of more than $37 billion, and future business prospects for its xAI program.
Starship’s approach to recycling looks good after SpaceX’s S-1: SpaceX’s IPO test flight and Starship rocket delivered two big data points that offer a realistic view of the coming years — and one that may disappoint both the company’s promoters and its critics.
SpaceX is warning investors about future divestments, adding fuel to Tesla merger rumors: The company added new language to its S-1, warning potential investors that a major cleanup could be in the cards after it goes public.
Pre-IPO deals and events
Leading up to the IPO, SpaceX locked in a series of deals, mostly electronic sales to boost its balance sheet.
Anthropic will pay xAI $1.25B per month for computing: First filing of the Anthropic agreement on May 20.
How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the length of SpaceX’s contract with Anthropic.
Google will pay SpaceX $920M per month for computing: A Google representative described the deal as a short-term deal to address unexpected demand for its newly launched AI products.
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