SpaceX has officially filed its S-1 prospectus with the SEC, marking the beginning of what could be the largest initial public offering ever under the ticker SPCX on the Nasdaq. Despite generating $18.67 billion in revenue in 2025, largely from its Starlink service, the company reported a loss of over $4.9 billion due to significant capital expenditures.
SpaceX's formal filing of its S-1 prospectus with the SEC signals an imminent IPO, potentially the largest ever, with a focus on its Starlink satellite internet service which generated over $11 billion of its $18.67 billion revenue in 2025. This move presents a significant investment opportunity in the commercial space sector, especially given the high capital expenditures that indicate aggressive growth and expansion plans.