SpaceX just filed for what could be the biggest IPO ever

SpaceX has filed its S-1 prospectus with the SEC, kicking off what could be the largest initial public offering ever with a listing on the Nasdaq stock exchange under the ticker SPCX. SpaceX generated $18.67 billion in revenue in 2025, driven largely by its Starlink satellite internet service, but lost over $4.9 billion last year. The company's capital expenditures soared to $20.7 billion last year.