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SpaceX is taking a big step toward what could become the largest stock market debut in American history
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The Elon Musk-led company filed paperwork Wednesday to go public, with plans to trade on the Nasdaq under the ticker symbol SPCX
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The filing doesn't say yet how much shares it will cost or how much money the company hopes to raise
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but the stock could start trading as early as mid-June. SpaceX is already a massive player
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The company is valued at about $1.25 trillion after its combination with Musk's AI company, XAI
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The filing also offers a look under the hood. SpaceX reported nearly $18.7 billion in revenue last year, but still finished 2025 with a $4.9 billion loss
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The company also reported another $4.3 billion shortfall in the first three months of this year
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Mosk will keep majority voting control, while the company says its biggest growth opportunities are tied heavily to artificial intelligence
