On May 21st, according to The New York Times, todaySpaceX Public presentation IPO Application documents, first disclosure of the company ' s financial position。
SpaceX collected $18.87 billion last year, an increase of 331 TP3T; however, the net loss of $4.9 billion represented a significant reversal from the $791 million profit in 2024. In the first quarter of this year, the company received $4.7 billion, a net loss of some $4.3 billion。
SpaceX plans to be listed in NASDAQ with the stock code SPCX, with the target date being June. The company ' s self-assessed value of $1.25 trillion was reported to be between $50 billion and $75 billion through this IPO, which is expected to exceed the $29.4 billion record created by IPO in Saudi Arabia in 2020, making it the largest IPO in history。
In terms of the equity structure, SpaceX will issue two general shares in categories A and B, each with 10 votes voting. According to the S-1 document, Mask holds more than 50% in ordinary shares and controls the voting rights of 85.1% through supervotes. Its shareholding value, based on the current valuation, was over $63.5 billion。
Notably, the IPO document also disclosed that Anthropic had agreed to pay $1.25 billion per month to SpaceX for cloud computing infrastructure costs, which continued until May 2029, equivalent to approximately $15 billion per year, and that both parties had announced cooperation earlier this month。
It has also been reported by Bloomberg that according to sources, SpaceX is expected to move forward with the acquisition of the AI programming firm Cursor 30 days after the launch of the open deal. The first day of SpaceX's open deal is scheduled for June 12。
According to Bloomberg, if the deal is not completed, SpaceX will pay Cursor up to $10 billion in cash to break up。