SpaceX has made headlines by pricing its initial public offering (IPO) at $135 per share, successfully raising $75 billion by selling 555.6 million shares. This monumental offering, which values the company at approximately $1.77 trillion, surpasses the previous record held by Saudi Aramco's $30 billion IPO in 2019. The shares are set to begin trading on Nasdaq under the ticker SPCX.
SpaceX operates through three main divisions. The launch segment, which is responsible for about 85% of global payload launches using its Falcon 9 and Falcon Heavy rockets, generated around $4 billion in revenue for 2025. The Starlink division, providing global internet services, is the most profitable segment, with revenues of $11.4 billion and over 10 million subscribers across 164 countries, contributing 61% to the company's total revenue. Lastly, the xAI segment, formed through a merger, is emerging as a significant player in AI computing resources, with lucrative contracts that could yield $26 billion annually.
Despite generating total revenues of $18.7 billion in 2025, SpaceX reported a net loss of $4.9 billion, largely due to the high costs associated with xAI. The Starlink division, however, is seen as a crucial funding source for the company's ambitious projects in rocket technology and AI, though returns from these investments may take time to materialize.
