NEW YORK CITY (VINnews) – Elon Musk’s SpaceX has submitted its S-1 registration statement to the Securities and Exchange Commission, accelerating plans for what could become the largest initial public offering in history.

The rocket and satellite company aims to list Class A shares on the Nasdaq as early as June 12 under the ticker symbol SPCX, with pricing potentially set for June 11 and a roadshow beginning around June 4, according to people familiar with the matter. The accelerated timeline follows a faster-than-expected SEC review.

SpaceX is targeting a valuation between $1.75 trillion and more than $2 trillion and hopes to raise up to $75 billion, sources said. Musk would retain about 42% equity but maintain dominant voting control of roughly 79-85% through a dual-class share structure. Goldman Sachs, Morgan Stanley and other firms are expected to serve as underwriters.

Q1 Financial Highlights

In the first quarter, SpaceX reported $4.69 billion in revenue, with Starlink connectivity contributing approximately $3.26 billion. The company posted an operating loss of $1.94 billion. Additional revenue included about $818 million from AI-related activities and $619 million from space operations.

Starlink remains the primary growth engine, generating high-margin recurring revenue amid heavy investments in rockets, infrastructure and artificial intelligence.

Orbital AI Ambitions

The filing outlines plans for modular orbital AI compute shells by the end of the decade. These space-based data centers would leverage Starlink’s network and SpaceX’s launch capabilities to deliver AI software and computing power, positioning the company as a major player in aerospace, connectivity and AI.

The IPO would provide public investors direct exposure to SpaceX’s expanding Starlink constellation, reusable rocket operations, multi-planetary goals and emerging AI initiatives. A prospectus is expected to be made public soon.

SpaceX confidentially filed its draft S-1 in early April. The company has not commented publicly on the timeline.

This story is developing. VINnews will provide updates as more details from the prospectus become available.