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The Independent UK

Anthony Cuthbertson

SpaceX unveils biggest IPO in history, despite billions in losses

SpaceX Elon Musk IPO Starlink United States Mars

The SpaceX Falcon 9 rocket booster is shown outside the company's facility in Hawthorne California, US, 23 April, 2026 - (Reuters)

SpaceX has revealed that it lost billions of dollars in recent years ahead of its planned initial public offering (IPO), which is expected to be the biggest in history.

Elon Musk’s space company has recorded $13 billion worth of losses since 2023, according to a filing with the US Securities and Exchange Commission (SEC), including $4.3 billion loss since the start of the year.

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