SpaceX

SpaceX absorbs xAI in an all-stock deal in February 2026, then on May 20, 2026 files a public S-1 to list on Nasdaq under ticker SPCX at an implied valuation near $1.75T, with pricing expected June 11. The filing discloses $18.67B in 2025 consolidated revenue, a $2.59B operating loss, and $6.58B adjusted EBITDA.

On May 22, 2026 the first Starship V3 launches from Starbase Pad 2. The upper stage completes a full-duration suborbital flight, deploys 22 Starlink simulators, and splashes down in the Indian Ocean, while the Super Heavy booster is lost during its return burn.

On May 27, 2026 the FAA formally classifies Starship Flight 12 as a mishap and requires SpaceX to complete an investigation — overseen by the agency — before Flight 13 can fly. The Super Heavy booster had failed to ignite all planned engines during its boostback maneuver, cutting the burn short and ending in the loss of the booster.

On May 29, 2026 the U.S. Space Force awards SpaceX a $4.16B contract to build a low-Earth-orbit constellation of airborne moving target indicator (AMTI) satellites for the Golden Dome homeland missile-defense initiative. The single award exceeds the combined prototype contracts of every other Golden Dome bidder and lifts SpaceX's total Golden Dome book to roughly $6.45B.

On June 12, 2026 SpaceX began trading on Nasdaq under ticker SPCX, selling 555.6M Class A shares at the fixed $135 price to raise roughly $75B at a ~$1.77T valuation — the largest IPO in history, eclipsing Saudi Aramco's 2019 record. Reported total demand exceeded $250B with an unusually large retail allocation of up to 30% of the offering, and Elon Musk retained ~82% voting control through a multi-class share structure.

On June 3, 2026 SpaceX sets a fixed $135-per-share price for its Nasdaq IPO, targeting a $1.77T valuation and ~$75B in proceeds — the largest public offering in history. The roadshow opens June 4 with 555.6M shares on offer, Goldman Sachs leading a syndicate that includes Morgan Stanley, BofA, Citi and JPMorgan, trading expected to start under ticker SPCX on June 12, and Elon Musk retaining ~82% voting control.

On May 6, 2026 SpaceX and Anthropic announce a multi-year compute agreement under which Anthropic will use the full capacity of SpaceX's Memphis Colossus 1 data center — more than 220,000 NVIDIA GPUs and 300 MW — for $1.25B per month through May 2029. The deal is the first major external customer for SpaceX's post-xAI-merger AI hyperscaler business.

An amended SpaceX S-1 disclosed June 5, 2026 reveals a multi-year cloud-services agreement with Alphabet's Google under which Google will pay $920M/month from October 2026 through June 2029 — about $30B in aggregate — for ~110,000 NVIDIA GPUs plus CPUs, memory, and related infrastructure routed through Memphis Colossus 1. With 90-day mutual termination rights after Dec. 31, 2026, the pact lifts SpaceX's disclosed AI-compute backlog above $70B alongside the May Anthropic deal, days before the Nasdaq SPCX debut.

On June 4, 2026 SpaceX announces Starlink has surpassed 12 million active customers across more than 160 countries and territories, with ~27,700 new customers added per day on average over the prior ~53 days. The constellation now exceeds 10,400 working satellites in orbit, and SpaceX uses the milestone to outline V3 satellite plans that target greater-than-100x available bandwidth at a lower 350 km operating altitude.

On June 8, 2026 — days after SpaceX's Nasdaq debut — Falcon 9 booster B1067 launched and landed for a record 35th time on the Starlink 10-35 mission from Cape Canaveral, the most flights ever by an orbital-class rocket stage. The milestone puts Falcon 9 within reach of the 39-flight reuse mark set by NASA's Space Shuttle orbiters, which SpaceX intends to surpass as it certifies boosters for up to 40 flights.

On June 22, 2026 SpaceX agreed a multi-year cloud-compute deal worth up to $6.3B under which open-source AI startup Reflection will rent capacity at SpaceX's Colossus 2 data center near Memphis, paying about $150M per month from July 1, 2026 through 2029 for access to NVIDIA GB300 chips. Reflection — focused on open-source models for government and national-security customers — joins Anthropic, Google and Cursor as a disclosed Colossus customer, deepening SpaceX's commercialization of its post-xAI-merger AI hyperscaler business.

On June 22, 2026 — ten days after its record IPO — SpaceX launched its first-ever investment-grade bond offering, and on June 23 priced it at $25B of senior unsecured notes, upsized from an initial $20B target after demand topped roughly $89B. The five-tranche deal (coupons from 5.350% on notes due 2031 to 6.650% on notes due 2056) settled June 26 and largely refinances a $20B bridge loan taken on in March. Offering documents disclosed roughly $100.8B in cash and equivalents as of June 19, 2026 and investment-grade ratings from Moody's, Fitch and S&P; SPCX shares fell more than 10% on the day the sale launched and over 20% across five sessions as investors weighed the pace of capital raising.

In May 2026 the FCC approved SpaceX's ~$17B acquisition of EchoStar spectrum (part of a broader ~$40B sale that also gave AT&T 50 MHz), handing SpaceX 65 MHz of exclusive-use, contiguous nationwide mid-band spectrum (AWS-4, AWS-3, H-Block in the 1.9–2.2 GHz range) — its first dedicated direct-to-device spectrum, with licenses fully transferring by ~November 2027. On June 26, 2026 President Gwynne Shotwell told IPO-roadshow investors SpaceX plans to take Starlink Mobile directly to US consumers and compete head-on with AT&T, Verizon, and T-Mobile, potentially building its own terrestrial network.

On June 23, 2026 SpaceX launched the debut flight of Starfall, a disk-shaped cargo reentry capsule, on a Falcon 9 from Space Launch Complex 40 at Cape Canaveral. About 3.1 meters in diameter and able to carry roughly 1,000 kg, the vehicle is designed to return research and orbital-manufacturing payloads — such as pharmaceuticals — to Earth, splashing down about 700 nautical miles off the U.S. West Coast. The mission marks SpaceX's entry into the commercial cargo-return market and is the first of at least two planned Starfall demonstrations.

SpaceX joined the Nasdaq-100 index effective July 7, 2026 — only 15 trading days after its record June 12 IPO — under Nasdaq's new fast-track rule that admits mega-listings on their 15th trading day. The inclusion forces the more than $800B of funds tracking the index to buy SPCX, though its initial weighting starts small (an estimated 0.5%-0.7%) because less than 5% of its shares trade freely. It makes SpaceX one of the first launch companies in a major U.S. large-cap benchmark.

On July 16, 2026 — SpaceX's first Starship launch attempt since its June Nasdaq debut — the Flight 13 countdown triggered an automatic abort when at least four of Super Heavy's 33 Raptor engines failed to ignite during the startup sequence. The flight, carrying the first 20 operational Starlink V3 satellites, was scrubbed at Starbase. Elon Musk said two Raptor engines would be removed and replaced 'to be confident of a good flight,' with the next attempt most likely early the following week.

SpaceX sets annual launch record with 165 Falcon missions. Starlink direct-to-cell SMS service goes live in the US and New Zealand via T-Mobile and One NZ. Starship completes 7 more test flights (Flights 7–11).

A secondary share sale values SpaceX at roughly $800B, underscoring the scale of its launch and Starlink businesses ahead of public-market preparations.

Super Heavy booster caught by launch tower 'chopstick' arms (Flight 5). Polaris Dawn mission reaches 1,408 km altitude — highest crewed orbit since Apollo — and conducts first commercial EVA.

Starship/Super Heavy conducts first integrated flight tests from Starbase, Texas.

First crewed orbital mission by a private company, sending NASA astronauts to the ISS.

Falcon 9 first stage lands successfully after an orbital mission — a historic first.

First commercial spacecraft to deliver cargo to the International Space Station.

Successful maiden flight of the Falcon 9 launch vehicle.

First privately funded liquid-fueled rocket to reach Earth orbit.

Elon Musk founds SpaceX with the goal of reducing space transportation costs.