SpaceX IPO: 3 Profit Conditions

SpaceX will go public on the Nasdaq under ticker SPCX at $135 per share, selling over 555.5 million shares to raise roughly $75 billion. The company generated $18.7 billion in 2025 revenue with a $4.9 billion GAAP net loss but $6.6 billion adjusted EBITDA. Investors need three specific conditions to go right for the IPO to be profitable.