SpaceX Files Publicly for IPO With SEC, Discloses 18,712 Bitcoin Holdings

Elon Musk's space company SpaceX has publicly filed for an initial public offering, formally launching its listing process.

Bloomberg reported on May 20 that SpaceX is pursuing a Nasdaq listing and has submitted IPO paperwork to the US Securities and Exchange Commission. The company plans to trade under the ticker SPCX. The filing also includes details of SpaceX's Bitcoin holdings: 18,712 BTC purchased at an average price of about $35,000, worth roughly $1.45 billion.

Citing people familiar with the matter, Bloomberg said SpaceX aims to raise as much as $75 billion in the IPO, valuing the company at more than $2 trillion. That would dwarf Saudi Aramco's $29.4 billion offering in 2019, the largest IPO on record.

SpaceX is a central player in the US aerospace industry, handling major rocket launch programs for NASA and the Defense Department. Its satellite internet service, Starlink, has also become a key source of revenue.

Bloomberg also reported that SpaceX's valuation rose to about $1.25 trillion after it acquired Musk's artificial intelligence startup xAI earlier this year. The transaction also included X, the social media platform formerly known as Twitter that Musk bought in 2022.

According to the filing, Goldman Sachs and Morgan Stanley will serve as lead underwriters. Bank of America, Citigroup and JPMorgan Chase are also participating as joint bookrunners.

Bloomberg said SpaceX will begin marketing the offering to investors on June 4 and could set the IPO price as early as June 11.