SpaceX to Go Public; Musk to Retain 85% of Voting Rights

SpaceX filed IPO registration papers with the U.S. SEC on May 20, 2026, moving the private space company toward public markets.

The filing does not yet include the share count, price range, or fundraising target.

Elon Musk would retain 85.1% of the voting power after the listing through Class B shares.

SpaceX reported 2025 revenue of about $18.674 billion and a net loss of about $4.9 billion, as Starlink and expansion efforts boosted growth and costs.