Space company SpaceX formally files for an initial public offering (IPO); CEO Elon Musk holds 85.1% of voting rights

SpaceX filed its Form S-1 with the SEC for a planned Nasdaq IPO under the ticker SPCX.

The filing says Elon Musk holds 85.1% of voting power and is expected to remain CEO, CTO, and board chair.

It gives the clearest view yet into SpaceX’s revenues, losses, Starlink reliance, and heavy Starship spending.

The company also outlined expansion plans tied to AI and related businesses, including xAI and X.

The IPO could rank among the largest ever, while leaving control largely in Musk’s hands.