SpaceX Files for IPO with $4.7B Revenue, $4.3B Loss

SpaceX, the aerospace company founded by Elon Musk, has filed for an Initial Public Offering (IPO), marking a significant step in its history. The filing, made with the U.S. Securities and Exchange Commission (SEC), revealed that SpaceX aims to list on the NASDAQ stock exchange. The company reported $4.7 billion in revenue and $4.3 billion in net losses in the first quarter of 2026. Notably, SpaceX has accumulated losses of $37 billion since its inception. The IPO comes amidst plans for innovative projects such as point-to-point travel using rockets and in-orbit manufacturing. However, the company's focus on research and development, reflected in its high depreciation and amortization costs, raises questions about its near-term profitability. Musk, who owns 85% of the voting shares, is expected to maintain significant control over the company post-IPO. The offering is seen as an opportunity for investors enthusiastic about Musk's vision rather than those solely focused on immediate profitability.