SpaceX Officially Files S-1 to go Public; Major Moment for Space and Tech

Research evidence excerpt

SpaceX Officially Files S-1 to go Public; Major Moment for Space and Tech

Industry Note

May 20, 2026 Disruptive Technology

SpaceX Officially Files S-1 to go Public; Major Moment forAnalysts

Dan Ives Space and Tech

(212) 344-2073

Dan.Ives@wedbush.com

Steven Wahrhaftig SpaceX officially filed its S-1 to go public via IPO under the ticker symbol SPCX(212) 931-7059

steven.wahrhaftig@wedbush.com representing the largest IPO in stock market history as the company remains at

Sam Brandeis the center of two of the largest growth opportunities over the coming decades.

(212) 222-3005 The company laid out an addressable market opportunity of $28.5 trillion which

sam.brandeis@wedbush.com is split across $370 billion in Space from space-enabled solutions, $1.6 trillion in

Anish Jog Connectivity including $870 billion in Starlink Broadband and $740 billion in Starlink

(917) 747-3095 Mobile and $26.5 trillion in AI across $2.4 trillion in AI infrastructure, $760 billionanish.jog@wedbush.com

in consumer subscriptions, $600 billion in digital advertising, and $22.7 trillion in

enterprise applications. On the AI Capex front, the company spent $12.7 billion

in FY25 and $7.7 billion in Q1 2026 alone as the company looks to own more

of the physical AI compute stack over time to lower the cost-per-token input for

enterprise AI customers. The company also mentioned that it projects to launch

its V3 satellites in 2H26 via its Starship while expected to launch solar-powered

AI compute satellites by 2028 highlighting a key point in the company’s ability to

provide necessary power that will keep up with AI demand. For Grok and xAI,

SpaceX’s noted that this cohort generated $3.2 billion in revenue across 550 million

MAUs and 350 million posts on X to feed real-time data to its frontier model.