Elon Musk Pushes SpaceX Toward June 12 Nasdaq Debut — Financial Market

SpaceX is projected to begin trading on the financial market on June 12, giving investors a new way to buy into Elon Musk’s company. The listing has drawn attention because SpaceX is likely to be valued around $1.5 trillion or higher, after Tesla reached a market value of $1.6 trillion.

SpaceX also says its total addressable market is $28.5 trillion. In its filing, the company put its AI segment at a $26.5 trillion opportunity, its connectivity segment at $1.6 trillion, and its space segment at $370 billion.

SpaceX Filing Figures

The filing also showed heavy spending before the expected debut. SpaceX said research and development costs rose 150% last year to $8.6 billion, while cost of revenue reached $9.5 billion in 2025.

Those figures sit alongside losses that have accumulated since the company began operating. As of the end of March, SpaceX reported an accumulated deficit of $41.3 billion, which is the running total of its losses since operations began.

March Losses And Revenue

The company’s most recent quarterly numbers added more pressure to the balance sheet. During the first three months of 2026, SpaceX posted a net loss of $4.3 billion on revenue of $4.7 billion.

Investors have been looking for ways to gain exposure to SpaceX before trading begins, and the June 12 Nasdaq debut now gives them a date to watch. The first session will test whether the expected valuation near $1.5 trillion can hold against the company’s losses and spending pace.

Musk And The Nasdaq Debut

Elon Musk owns SpaceX, and the public listing would add a second major market entry point tied to his businesses. For buyers, the immediate question is whether the debut price reflects the company’s scale, or the cost of getting there.