Elon Musk's SpaceX has formally filed its S-1 prospectus with the U.S. Securities and Exchange Commission (SEC), with intentions to go public on Nasdaq under the ticker 'SPCX.' The IPO is being spearheaded by Goldman Sachs and Morgan Stanley, with an additional 18 financial institutions, including Bank of America, Citigroup, and JPMorgan Chase, joining as underwriters. As per the prospectus, SpaceX reported an operating revenue of $4.69 billion for the first quarter of 2026. However, owing to consolidation-related effects, it incurred a net loss of $4.28 billion during the same period. The company intends to allocate the funds raised from the IPO towards accelerating projects such as the Starship's ambitious launch schedule, the development of orbital data centers, and the establishment of lunar bases. Regarding its equity structure, Musk will retain a commanding 85.1% of the absolute voting power post-IPO, through his holdings in Class A and Class B shares, thereby ensuring his unwavering control over SpaceX.