SpaceX Amends IPO Filing, Targets $1.8 Trillion Valuation Ahead of June 12 Nasdaq Launch

SpaceX submitted an amended Form S-1/A registration statement to the U.S. Securities and Exchange Commission, adjusting its target valuation to at least $1.8 trillion ahead of its planned Nasdaq listing under ticker SPCX on June 12, 2026, according to the filing. The revised figure is below the earlier upper ceiling of $2 trillion cited in the company's initial prospectus, following investor feedback on valuation and capital spending amid SpaceX's reported 2025 net loss of $4.94 billion.

The amended filing also confirmed that Musk will retain broad voting control through super-voting Class B shares, holding 85.1% of combined voting power after the offering. SpaceX reserved up to 5% of Class A common stock for a directed share program to selected employees, business contacts, and friends and family of executives, with no lock-up restrictions on those shares.