SpaceX files for IPO as rocket company preps for market debut
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Updated on: May 20, 2026 / 6:21 PM EDT / CBS News
SpaceX filed for an initial public offering on Wednesday, as the Elon Musk-owned rocket manufacturer moves to raise more capital for its space, AI and satellite ventures.
The move comes after SpaceX filed a confidential IPO with the Securities and Exchange Commission last month. SpaceX did not disclose how much money it is seeking to raise, but previous estimates put the amount at up to $75 billion.
SpaceX's IPO could be the largest in history, a record currently held by Saudi Aramco. The state-owned petroleum and natural gas company, based in Saudi Arabia, raised $25.6 billion in its 2019 initial public offering, according to Renaissance Capital, an investment bank.
SpaceX said in a securities filing that it will trade on the Nasdaq Composite exchange under the ticker symbol "SPCX."
The Texas-based company did not immediately respond to a request for comment.