economy
SpaceX IPO: Everything you need to know
TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.
TL;DR
- SpaceX's IPO is the largest in history, raising $75 billion and potentially making Elon Musk a trillionaire.
- The company lost $4.9 billion on revenues over $18 billion in 2025, with total losses since inception exceeding $37 billion.
- Elon Musk holds approximately 85.1% of the company's voting power.
- 4,400 SpaceX employees may become millionaires as a result of the IPO.
- The S-1 filing details the business's reliance on Starlink, substantial losses, and future plans involving its xAI division.
- SpaceX has entered into pre-IPO deals, including monthly compute sales to Anthropic ($1.25B) and Google ($920M).