The countdown is officially on. SpaceX has publicly filed its S-1 with the SEC, for Nasdaq listing under the ticker SPCX. Probably on June 12, 2026, but it’s not for sure, date could change.
It’s going to be the biggest IPO in history - $1.75 trillion to $2 trillion valuation. But if you’re planning to trade SpaceX CFDs, you need to look past the rocket launches. The real story here is a massive, high-stakes pivot into AI.
Starlink Pays for the AI
If you judge SpaceX by normal business math, $2 trillion makes no sense, they are losing a lot of money right now.
SpaceX had $18.67 billion in revenue in 2025, but posted $4.94 billion net loss. Things sped up in early 2026, with a $4.28 billion loss in just the first three months.
Rocket business and Starlink are the only things keeping the lights on :) . Starlink brought in $11.4 billion last year and has over 10.3 million subscribers.
Starlink is highly profitable, and Elon Musk is using it to fund a massive AI infrastructure.
The xAI Merger
Those losses, mentioned earlier, are coming from AI. In February 2026, SpaceX merged with xAI. SpaceX’s new AI division burned through over $6 billion last year and nearly $2.5 billion in Q1 of 2026 alone.
However, it is starting to land huge clients. In March 2026, their ground-based data center signed a massive deal with Anthropic worth $1.25 billion a month through 2029.
Data Centers in Space
To justify a $2 trillion value, Musk is pitching a wild new concept: Orbital Data Centers. Because AI data centers on Earth consume too much electricity and get stuck waiting years to connect to power grids, SpaceX wants to put them in space.
The plan is to launch up to one million AI satellites powered by constant solar energy by 2028. To build the hardware, SpaceX is already constructing 10 GW solar factory in Texas.
The Good part of the Pitch: Infinite solar power in space, no reliance on Earth`s crowded power grids, and total control over the whole process.
The Bad Part - never been done before, space is incredibly risky, there is no air to cool down overheating computers. To make this work, Starship will have to launch thousands of times more payload than it ever has before.
What This Means for You
If you are looking to trade SPCX contracts at launch, keep in mind that Elon calls all the shots, he controls 85.1% of the voting power. Normal shareholders have zero say in how the company is run. If you trade this asset, you are betting entirely on Musk. If he has legal trouble or changes his mind, the stock will swing wildly.
Tesla`s stock price moves in tandem with SpaceX headlines. When Starship has a good launch, Tesla often goes up. Use TSLA as a gauge for how excited everyday investors are leading up to the IPO.
Wall Street is letting everyday retail investors buy up to 30% of the available shares 3 times more than usual for a giant company. This means the stock is highly likely to experience massive, erratic price swings on day one.
Source: https://blog.ifcmarkets.com/en/posts/spacex-ipo-countdown-is-on
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