Space Exploration Technologies IPO: revenue, losses and offering terms from its S-1
Space Exploration Technologies priced its IPO at $135 a share on 12 Jun 2026 and raised $75.0 billion. Its shares trade on Nasdaq as SPCX. Revenue was $18.7 billion in 2025, up 33% from 2024, with a net loss of $4.9 billion.
Headlines
- Revenue, 2025
- $18.7B
- Up 33% on the year before
- Net loss, 2025
- $4.9B
- Revenue, First quarter of 2026
- $4.7B
- Up 15% on a year earlier
- IPO price
- $135
- $75.0B raised
Space Exploration Technologies IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq and Nasdaq Texas
- Ticker
- SPCX
- IPO price
- $135
- Shares offered
- 555,555,555
- Raised
- $75.0B
- Registered
- $86.2B, the amount the filing fee is paid on
- Underwriters
- Goldman Sachs & Co. LLC, Morgan Stanley and BofA Securities, with 19 more banks
- First filed
- 20 May 2026
Space Exploration Technologies revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $14.0B | - | $791M |
| 2025 | $18.7B | -$2.6B | -$4.9B |
| First quarter of 2025 | $4.1B | - | - |
| First quarter of 2026 | $4.7B | -$1.9B | -$4.3B |
Space Exploration Technologies share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class B: 10 votes
- Employees
- 22,000
- Headquarters
- Starbase, Texas
Space Exploration Technologies shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $135
- Priced 12 Jun 2026
- First close
- $160.95
- +19% on the IPO price
- Latest close
- $146.90
- +9% on the IPO price
Space Exploration Technologies' IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Space Exploration Technologies' newest prospectus (S-1/A filed 3 Jun 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.