Here are the S-1 registration statements from SpaceX (SPCX) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow SPCX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPCX filings page.
Space Exploration Technologies Corp. is registering 555,555,555 shares of Class A common stock in an initial public offering at an expected price of $135.00 per share. All shares are being sold by the company, with an additional 83,333,333 shares available to underwriters under a 30‑day option.
The Class A stock carries one vote per share, while Class B carries 10 votes per share, creating a dual‑class structure. After the offering, Elon Musk is expected to hold about 82.4% of the total voting power through Class A and Class B holdings, leaving the company a controlled company under Nasdaq rules.
SpaceX highlights three main businesses: launch services, its global Starlink connectivity network, and a rapidly scaling AI segment built around Grok and large data‑center infrastructure. In 2025 it generated consolidated revenue of $18,674 million, with Space and Connectivity providing most revenue and the newer AI segment operating at a loss as it invests heavily for growth.
Space Exploration Technologies Corp. (SpaceX) is planning an initial public offering of its Class A common stock on Nasdaq under the symbol “SPCX.” The company will have a dual‑class structure, with Class A shares carrying one vote and Class B shares ten votes each, leaving Elon Musk with majority voting control and making SpaceX a “controlled company” under Nasdaq rules.
SpaceX operates three major businesses: launch services, Starlink connectivity, and a fast‑growing AI segment built around the Grok frontier model and the X platform. In 2025, SpaceX generated consolidated revenue of $18,674 million, with a loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. For the three months ended March 31, 2026, revenue was $4,694 million, with a loss from operations of $(1,943) million and Adjusted EBITDA of $1,127 million.
The Space segment produced $4,086 million of revenue in 2025 but remained loss‑making as SpaceX invested heavily in Starship and other programs. Connectivity, led by Starlink, generated $11,387 million of 2025 revenue and $4,423 million of operating income, while the AI segment recorded $3,201 million of revenue and a substantial operating loss as SpaceX built gigawatt‑scale compute clusters such as COLOSSUS.
Space Exploration Technologies Corp. (SpaceX) has filed a Form S‑1 for an initial public offering of its Class A common stock on Nasdaq and Nasdaq Texas under the symbol “SPCX.” The filing describes a dual‑class structure in which Class A shares carry one vote and Class B shares carry 10 votes.
After the offering, Elon Musk is expected to control the outcome of shareholder votes through his holdings of Class A and Class B stock, and SpaceX will qualify as a “controlled company” under Nasdaq rules. The prospectus outlines three integrated businesses across Space, Connectivity and AI.
In 2025, SpaceX generated consolidated revenue of $18,674 million, loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. For the three months ended March 31, 2026, revenue was $4,694 million, loss from operations was $(1,943) million and Adjusted EBITDA was $1,127 million.