SpaceX Files IPO Prospectus, Disclosing Starlink Profit and Heavy AI Spending
SpaceX has long focused on rocket launches and satellite communications, but its acquisition of xAI has expanded its operations into artificial intelligence. The prospectus shows that Starlink has become its main revenue driver and only profitable business. Whether Starlink’s cash flow can support rocket development and investment in AI infrastructure will be a key factor in the company’s valuation.
SpaceX has filed a roughly 300-page prospectus with the U.S. Securities and Exchange Commission and plans to go public in June 2026. Market reports point to a June 12 Nasdaq listing. First-quarter 2026 data show AI spending surged following the xAI acquisition and the construction of computing infrastructure. SpaceX has also secured revenue from a compute contract with Anthropic, although the values of the acquisition and contract have not been disclosed.
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The history behind this eventSpaceX Eyes IPO Filing as Early as March at $1.75 Trillion Valuation
SpaceX has built a global aerospace business spanning rocket launches and the Starlink satellite network. Its acquisition of Elon Musk’s AI startup xAI has further integrated its aerospace, communications and artificial-intelligence operations. A listing at a valuation above $1.75 trillion would vie to become the largest IPO on record and could reshape capital flows among U.S. technology giants.
SpaceX initially planned to confidentially file for an IPO as early as March 2026, targeting a valuation of $1.75 trillion. The latest related reports, however, said the company listed at $135 a share and raised $75 billion. Its shares gained 19% on their first day, lifting its market capitalization to $2.2 trillion. Morningstar valued the stock at just $63 a share, highlighting the sharp divergence in market views.
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