SpaceX filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission. The company disclosed that this filing adds several details regarding the proposed initial public offering, with plans to list on Nasdaq under the ticker symbol SPCX, expected on June 12, 2026.
Valuation target reduced to $1.8 trillion
The revised filing shows that SpaceX has adjusted its target valuation to at least $1.8 trillion, below the $2 trillion upper limit mentioned in the initial prospectus. The report notes that this adjustment relates to investor feedback on valuation levels, capital expenditures, and the company’s $4.94 billion net loss in 2025.
Supplemental disclosure of the Anthropic contract
The company also provided details regarding its compute leasing agreement with Anthropic. The documents show that this arrangement involves approximately 325,000 Nvidia GPUs, along with massive-scale CPUs, exabyte-level storage, and high-speed network interconnects.
The revised document states that either party may terminate the agreement by providing 90 days' notice after the initial three-month period. This means the associated revenue is not long-term locked in and depends on whether the contract continues to be executed.
Add new Starlink customers and Bitcoin holdings
The revised document adds disclosure that American Airlines is a Starlink customer. Starlink remains one of SpaceX’s primary commercial businesses, serving the satellite internet market across consumer, enterprise, aviation, maritime, and government segments.
The company disclosed that its balance sheet includes $1.45 billion in Bitcoin, as listed in the initial IPO filing. The revised filing also states that SpaceX may issue additional equity in future acquisitions, asset divestitures, or other strategic transactions.
Updated Dispute Resolution Terms
The document also states that if the court refuses to refer the internal dispute to the commercial court and is later found to lack jurisdiction, the arbitration clause will not be triggered; the matter must first be dismissed and then submitted to a court with proper jurisdiction.
- Expected listing location: Nasdaq
- Intended stock ticker: SPCX
- Expected listing date: June 12, 2026