SpaceX Releases IPO Filing, Reveals Costly Bet on AI, Starship, and Musk’s Vision for a Space-Based Economy - Tekedia

SpaceX filed to list on Nasdaq under SPCX, targeting a potential $1.75 trillion valuation and up to $75 billion in proceeds.

The S-1 shows 2025 revenue above $18 billion, but also a net loss of about $4.9 billion.

Roughly 60% of capital spending is tied to AI efforts linked to xAI, underscoring SpaceX’s expansion beyond rockets.

Starlink generated about $11 billion and remains the core profit engine, while Starship development continues to burn billions.

The filing highlights SpaceX’s shift into a high-risk, multi-business infrastructure company and could test demand for Musk’s long-term vision.