SpaceX officially confirmed plans to go public on Wednesday, filing its S-1 registration statement with the U.S. Securities and Exchange Commission ahead of an expected IPO next month. According to reports from The Economic Times, the rocket and satellite internet company is reportedly seeking a valuation of more than $1.5 trillion, with some reports suggesting a potential $2 trillion valuation. If successful, the company would immediately rank among the 10 most valuable publicly traded companies in the world, alongside Apple, Microsoft and Nvidia. The company has now filed for an IPO on Nasdaq under the ticker SPCX, as reported by recent filings. SpaceX is expected to list on Nasdaq in June, with reports pointing to a possible $75 billion raise and a valuation between $1.75 trillion and $2 trillion. The filing shows the company is targeting the largest actionable total addressable market in "human history," which the company frames at about $28.5 trillion across space, connectivity, and artificial intelligence.
The latest S-1 filing reveals $4.69 billion in Q1 revenue and a $4.28 billion net loss, demonstrating the company's significant scale and current investment phase. SpaceX's filing reveals strong financial performance, with the company reporting 2025 revenue of $18.7 billion, representing a significant increase from $14 billion in 2024. The company has built a major lead over competitors through its reusable launch systems and a rapidly expanding global satellite network. Investor interest is expected to be strong due to SpaceX's dominant position in both commercial rockets and satellite-based internet through its Starlink business.
SpaceX's filing reveals significant cryptocurrency holdings, with the company holding 18,712 bitcoin as of March 31, 2026. As reported by The Economic Times, the holdings have a cost basis of $661 million and fair value of $1.29 billion as of December 31, 2025. At the current spot price of $77,526, the holdings would be valued at approximately $1.45 billion. The disclosure places Bitcoin inside one of the most closely watched IPO filings of 2026, as SpaceX disclosed 18,712 Bitcoin in its SEC filing, far above earlier outside estimates. Before the filing, related crypto.news coverage estimated SpaceX's Bitcoin holdings at 8,285 BTC, but the SEC filing shows a much larger official balance of 18,712 BTC, more than 10,000 BTC above that estimate. The filing also shows that SpaceX holds more Bitcoin than Tesla, with Tesla's reported balance at 11,509 BTC according to BitcoinTreasuries data. The company's bitcoin holdings represent a significant portion of its total asset base and highlight SpaceX's strategic approach to digital asset management.
Musk will serve as CEO, Chief Technical Officer and Chairman of the board for SpaceX, maintaining control over one of the most anticipated technology listings in years. As reported by The Economic Times, the IPO could potentially surpass Saudi Aramco's 2020 debut as the largest IPO ever, with the Saudi oil giant raising $29.4 billion in its public offering. The filing also reveals Elon Musk's control through a dual-class share structure, which is common among technology companies going public. The listing would also mark another milestone in bitcoin adoption in corporate finance, as large technology companies continue to add digital assets to their balance sheets. The filing does not state whether SpaceX plans to buy more Bitcoin, sell part of its holdings, or keep the position unchanged after listing, leaving investors to speculate about the company's future digital asset strategy.
