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What’s new to streaming this week? (Dec. 25, 2025)

What’s new to streaming this week? (Dec. 25, 2025)

Looking for something great to watch at home? Streaming subscribers are spoiled for choice between Hulu, Netflix, HBO Max, Disney+, Apple TV, Prime Video, Shudder, Paramount+, Peacock, and more. And that’s before you even look at the vast libraries of movies and television programs within each streamer!

Don’t be overwhelmed or waste an hour scrolling through your services to determine what to watch. We’ve got your back, whatever your mood. Mashable offers watch guides for all of the above, broken down by genre: comedy, thriller, horror, documentary, and animation, among others. But if you’re seeking something brand new (or just new to streaming), we’ve got you covered there, too.

SEE ALSO:

The ultimate Christmas movie streaming list for 2025

Mashable’s entertainment team has scoured the streaming services to highlight the most buzzed-about releases of the week and ranked them from worst to best — or least worth your time to most watchable. Whether you’re looking for the final chapter of Netflix’s major series, a buzzy conspiracy theory sci-fi, the steamiest show of the season, or a jaw-dropping animated epic, we’re here for you.

13. Five Nights at Freddy’s 2

The killer animatronics of your nightmares return in Five Nights at Freddy’s 2, based on Scott Cawthon’s hit horror game franchise. This time around, Freddy Fazbear, Bonnie, Chica, and Foxy aren’t the only animatronics in play. There’s also their “toy” versions to contend with, along with Marionette, Mangle, and Balloon Boy. That’s certainly no fun for security guard Mike (Josh Hutcherson), but it’s plenty of fun for game fans.

Like the first film, Five Nights at Freddy’s 2 was a box office smash, but critics didn’t take too kindly to it, with Mashable’s Entertainment Editor Kristy Puchko writing in her review that, “like the first one, this sequel has just a deadly amount of talking, with too little scares, jokes, or surprises.” — Belen Edwards, Entertainment Reporter

Starring: Josh Hutcherson, Elizabeth Lail, Piper Rubio, Matthew Lillard, Skeet Ulrich, Wayne Knight, Mckenna Grace, and Teo Briones

How to watch: Five Nights at Freddy’s 2 is now available on digital.

12. The Carpenter’s Son

Ever wonder what Jesus got up to between his birth in a manger and being the leader of apostles? Or maybe you’ve been curious what it was like for Joseph to be the mortal father to the son of God? Well, writer/director Lotfy Nathan gets into both of these stories with The Carpenter’s Son.

Following Joseph, Mary, and Jesus as they try to live a modest and good life while ducking the temptations of Satan, The Carpenter’s Son is a gnarly religious horror offering. It not only explores a surreal look into teen Jesus’s early understandings of his identity, power, and passion, but also co-stars Nicolas Cage as an embattled Joseph. It’s a wild one, so maybe don’t gather the whole family for a watch. — Kristy Puchko, Entertainment Editor

Starring: Nicolas Cage, Noah Jupe, Souheila Yacoub, Isla Johnston, and FKA twigs

How to watch: The Carpenter’s Son is now available on digital.

11. Springsteen: Deliver Me From Nowhere

The Bear star Jeremy Allen White unleashes his inner Bruce Springsteen in this musical biopic from writer/director Scott Cooper. Instead of focusing on the Boss’ career as a whole, Springsteen: Deliver Me From Nowhere zeroes in on the making of Springsteen’s sixth studio album, Nebraska, which he recorded sparsely on a four-track in his bedroom. The film parallels the production with Springsteen’s struggles with depression, crafting a solemn portrait of the musician.

While White turns in an admirable performance as Springsteen, the rest of the film pales in comparison, hitting standard biopic beats like troubled childhoods and the flashes of genius that lead to a great song. As I wrote in my review, “While the film’s music remains classic as ever, and while White does an admirable job channeling Springsteen, Deliver Me From Nowhere fails to deliver anything revelatory about the actual emotions behind the music.” — B.E.

Starring: Jeremy Allen White, Jeremy Strong, Paul Walter Hauser, Stephen Graham, Odessa Young, Gaby Hoffmann, Marc Maron, and David Krumholtz

How to watch: Springsteen: Deliver Me From Nowhere is now on digital.

10. The Copenhagen Test

Simu Liu jumps into a world of espionage and secrets in Peacock’s new thriller The Copenhagen Test. He plays Alexander, an intelligence analyst for the U.S. government who learns that unknown forces have hacked his eyes and ears, giving them access to everything Alexander witnesses. To discover the truth behind his hackers’ motives, as well as their identities, he’ll have to keep up a nonstop performance in order to fool them. But who can he truly trust? And does the shadowy agency he works for truly have his best interests at heart? Find out in this slick spy series with a light sci-fi twist. — B.E.

Starring: Simu Liu, Melissa Barrera, Sinclair Daniel, Brian d’Arcy James, Mark O’Brien, and Kathleen Chalfant

How to watch: The Copenhagen Test premieres Dec. 27 on Peacock.

9. Die My Love

Jennifer Lawrence and Robert Pattinson unlock their most unbridled animal instincts in Die My Love, a formidable, hypnotic, powerful drama from We Need to Talk About Kevin director Lynne Ramsay. The pair are Grace (Lawrence) and Jackson (Pattinson), a loved-up couple who can’t keep their hands off each other. They move into Jackson’s rural family home, surrounded by forest and a long walk to his mother Pam’s (Sissy Spacek) house. With the arrival of their child, Jackson’s work schedule means Grace is often home alone, an isolation which she initially celebrates but eventually resents — even hates. And here, Lawrence follows Grace to the brink.

“Grace’s journey will make you squirm, perhaps cackle. But in her messy quest for something beyond being boxed in, she offers a radical freedom to her audience,” Mashable Entertainment Editor Kristy Puchko writes in her review. “In the discomfort of watching her bicker, battle, and act out, an excitement of possibility burns. Where could this lead, not just for her — but for us? Will you walk away from Die My Love rattled? Feeling recognized? Or dared to be reborn?” — Shannon Connellan, UK Editor

Starring: Jennifer Lawrence, Robert Pattinson, LaKeith Stanfield, Nick Nolte, and Sissy Spacek

How to watch: Die My Love debuts on MUBI Dec. 23.

Mashable Top Stories

8. Bugonia

Yorgos Lanthimos and Emma Stone team up once again for Bugonia, a conspiracy caper that remakes Jang Joon-hwan’s Save the Green Planet! with a script by The Menu‘s Will Tracy. Stone and Lanthimos’ Kinds of Kindness collaborator Jesse Plemons plays Teddy, a conspiracy theorist who believes an alien race lives among us, one of which is big pharma CEO Michelle Fuller (Stone). So, Teddy and his cousin Don (Aidan Delbis) kidnap her for a tête-à-tête about who she is, what the plans are, and whether the human race is worth saving. 

Critics have been divided on Bugonia, especially around its bleak marathon run of topics. Mashable entertainment editor Kristy Puchko writes in her review, “Bugonia, despite having a sensational cast and clear vision for its world, lacks profundity in its smorgasbord of hot topics. Environmentalism, oligarchy, the manosphere, healthcare for profit — all of these make for a dizzying brew from which Teddy and Michelle arise on opposing sides.”* — S.C.

Starring: Emma Stone, Jesse Plemons, Aidan Delbis, Alicia Silverstone, Stavros Halkias

How to watch: Bugonia is available for rent or purchase on Prime Video and Apple TV and arrives on 4K UHD, Blu-ray, and DVD on Dec. 23.

7. Ne Zha II

The highest-grossing film of 2025 might be one you missed in theaters. Now, you can catch up with this jaw-dropping animated epic in the comfort of your own home. But trust us, you’re going to want to watch Ne Zha first. Based on Chinese mythology, both films have a lot of narrative ground to cover. But the animated awesomeness of the sequel makes the first film worth the time investment.

SEE ALSO:

‘Ne Zha II’ review: A24’s animated fantasy epic is a must-see, but a warning…

Ne Zha II follows the continued misadventures of the eponymous anti-hero, a boy born with the powers of a demon, who befriends a dragon/boy named Ao Bing, born with the powers of a heavenly spirit. In the first film, they battle before becoming unexpected friends. In the second, they have to share Ne Zha’s body to complete a battle-centric quest to restore Ao Bing’s physical form. Meanwhile, the dragons are conspiring to overthrow their king, while a horrid threat faces Ne Zha’s homeland. All these threads make for a movie that includes monster battles, slapstick, tragedy, and gross-out gags. It can be dizzying, but also, incredible. — K.P.

Starring: Crystal Lee, Griffin Puatu, Aleks Le, Michelle Yeoh, and Vincent Rodriguez III

How to watch: Ne Zha is now streaming on Peacock, Netflix, Prime Video, and HBO Max, and Ne Zha II is now streaming on HBO Max.

6. 100 Nights of Hero

Julia Jackman’s 100 Nights of Hero was one of the best films we watched out of the BFI London Film Festival this year, and now it’s coming to streaming. Based on Isabel Greenberg’s graphic novel, this visually magnificent, queer, feminist fairy tale is a triumph of production design with a hype-worthy appearance by Charli XCX. It follows Cherry (Longlegs‘ Maika Monroe), a noblewoman in a medieval patriarchy whose arranged marriage to Jerome (Limbo‘s Amir El-Masry) is yet to be consummated — and she’s on a literal deadline. Jerome leaves on business, but not before a bet with roguish lord Manfred (The Idea of You‘s Nicholas Galitzine) that his friend cannot seduce his wife in his absence. Luckily, Cherry has a fierce protector in her maid, Hero (Nosferatu‘s Emma Corrin).

“At its whimsical heart, 100 Nights of Hero is a story of women’s courage and resilience, of pursuing knowledge and passion beyond the perilously high fences of patriarchy,” I wrote in my review. “It’s a dazzling world of suppressed queer identity and desire, of male bravado and paranoia, and of the power of storytelling itself. Jackman has crafted us a topical treat, finely dressed in splendour and social commentary. It’s nothing short of heroic.” — S.C.

Starring: Emma Corrin, Maika Monroe, Amir El-Masry, Nicholas Galitzine, Charli XCX, Richard E. Grant, Felicity Jones, and Varada Sethu

How to watch: 100 Nights of Hero is available to rent or purchase on Prime Video starting Dec. 23.

5. The Life of Chuck

Catch one of the best — and most underrated — films of the year when Mike Flanagan’s The Life of Chuck hits Hulu this week. Based on the novella of the same name by Stephen King, the film introduces viewers to Chuck Krantz (Tom Hiddleston), an accountant who’s got some serious dance moves. To say more about the plot would be to spoil much of The Life of Chuck’s impact, so try to go in as blind as possible. (But definitely go in!)

From Doctor Sleep to Gerald’s Game, Flanagan has proven time and again that he can adapt the hell out of a Stephen King novel. That’s no different with The Life of Chuck, which Mashable Entertainment Editor Kristy Puchko called “glorious” in her review, writing, “It’s incredible. This is a movie that contains so much that it just shouldn’t work. It’s easy to imagine an iteration that fell too hard into the darkness, or depended too intensely on treacly sentimentality, or relied on its dashing star power to gloss over some underwritten turns. But The Life of Chuck is masterfully told.” — B.E.

Starring: Chiwetel Ejiofor, Tom Hiddleston, Annalise Basso, Benjamin Pajak, Karen Gillan, Mia Sara, Matthew Lillard, Carl Lumbly, Samantha Sloyan, Harvey Guillén, Jacob Tremblay, Kate Siegel, and Mark Hamill

How to watch: The Life of Chuck premieres Dec. 26 on Hulu.

4. Love Lies Bleeding

Rose Glass, the writer/director who awed critics in 2020 with her stunning religious horror film Saint Maud, has blessed us with a follow-up that is as scorchingly sexy as it is deeply unsettling.

SEE ALSO:

‘Love Lies Bleeding’ Interview: Kristen Stewart on the female gaze vs. the male gaze.

Set against a merciless desert town, Love Lies Bleeding stars Kristen Stewart as a surly loner who manages a rundown gym. Things begin to look up when a perfectly permed and righteously ripped bodybuilder (Katy O’Brian) rolls into her squalid realm. Their attraction is instant, their loyalty is potentially lethal. So when they run afoul of a local kingpin (Ed Harris, wearing a mangy skullet), this noir thriller veers into a place of jaw-dropping violence and grievous vengeance, with a climax that is as outrageous as it is exhilarating. As I wrote in our review, “There are movies that grab you by the throat. There are movies that punch you in the gut. Love Lies Bleeding is both, and I fucking love it.”* — K.P.

Starring: Kristen Stewart, Katy O’Brian, Jena Malone, Anna Baryshnikov, Dave Franco, and Ed Harris

How to watch: Love Lies Bleeding is now on MUBI.

3. Heated Rivalry, Season 1 finale

It seems like just yesterday that Shane Hollander (Hudson Williams) and Ilya Rozanov (Connor Storrie) were suggestively swapping a water bottle in Heated Rivalry‘s premiere episode. Now, the internet fan-favorite series wraps up its first season after a six-episode run full of hockey, angst, and tons of no-holds-barred sex scenes. Consider this your sign to get caught up on all things Hollanov before the finale blows up social media. — B.E.

Starring: Hudson Williams, Connor Storrie, François Arnaud, Christina Chang, Dylan Walsh, Ksenia Daniela Kharlamova, Sophie Nélisse, and Callan Potter

How to watch: Heated Rivalry is now streaming on HBO Max, with the finale airing Friday, Dec. 26.

2. Pluribus, Season 1 finale

One of the best shows of 2025, Vince Gilligan’s Pluribus has kept viewers hooked with its tale of Carol Sturka (Rhea Seehorn), the most miserable woman Earth, and the alien virus hive mind that’s taken over the world. By the end of Pluribus‘ penultimate episode, Carol had begun a romantic relationship with Zosia (Karolina Wydra), one of the Others. But the imminent arrival of fellow survivor Manousos (Carlos-Manuel Vesga) in Albuquerque could upend the fragile balance Carol has reached.

So what can fans expect from the finale? Will Carol’s meeting with Manousos renew her desire to save the world? Will we learn how the Others can be defeated? Tune in to find out — and maybe pour yourself a tall glass of milk while you’re at it. — B.E.

Starring: Rhea Seehorn, Karolina Wydra, and Carlos-Manuel Vesga

How to watch: The Pluribus Season 1 finale is now streaming on Apple TV.

Best of Streaming this week: Stranger Things, Season 5: Volume 2

The Stranger Things farewell tour continues with the release of Season 5, Volume 2, which will hopefully answer some of our most pressing questions from Volume 1. What’s next now that Will (Noah Schnapp) has powers? What does Vecna (Jamie Campbell Bower) have planned for the kidnapped children of Hawkins? Will Max (Sadie Sink) and Holly (Nell Fisher) escape from Vecna’s mindscape? And how will Eleven’s (Millie Bobby Brown) lost sister Kali (Linnea Berthelsen) figure into things?

Season 5 got off to an overstuffed but undeniably exciting start, so look forward to more jaw-dropping Upside Down action as the Duffer Brothers keep upping the ante. Plus, more episodes means more time with Stranger Things‘ beloved characters, who remain the show’s highlight through and through. As I wrote in my Volume 1 review, Stranger Things‘ “flashy battles and lore bombshells can get the blood pumping, but it’s the characters who have kept viewers coming back for many, many years. Knowing we’ll be saying goodbye to them only makes these episodes sweeter, exhaustion be damned.” — B.E.

Starring: Winona Ryder, David Harbour, Finn Wolfhard, Millie Bobby Brown, Gaten Matarazzo, Caleb McLaughlin, Natalia Dyer, Charlie Heaton, Noah Schnapp, Sadie Sink, Joe Keery, and Maya Hawke

How to watch: Stranger Things Season 5, Volume 2 premieres Dec. 25 at 8 p.m. ET on Netflix. The series finale premieres Dec. 31, also at 8 p.m. ET.

(*) denotes a blurb came from a prior list.

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Import records show that Valve’s distribution partner Ceva offloaded nearly 32 metric tons of “Virtual Reality Devices” on Valve’s behalf — or roughly 13 tons of actual product, after you subtract the roughly 3,700 kilogram weight of five 40-foot shipping containers.

Speaking of the Steam Machine, Valve’s stockpile may now have grown to 141 metric tons, as that’s roughly how much “Game Consoles” product has arrived in 12,600kg containers since April 23rd.

And it looks like Valve probably received three shipments of Steam Deck handhelds in May, two on May 18th and one on May 30th, judging by how those containers had the higher gross weight of 14,500kg. That’s generally how heavy Valve’s “Game Console” containers were before the Steam Machine was announced.

13 tons isn’t actually a lot of VR headsets, of course, but perhaps more of them fit into a container than the Steam Machine console. They each weigh 654g (roughly 1.44lb) with a pair of wand controllers; back-of-the-napkin math suggests we’re probably talking about fewer than 20,000 units right now.

There might not be that many Steam Machines in the US yet, either: 141 metric tons could easily be fewer than 50,000 units at their higher 2.6kg weight per console, not counting any controllers or cables.

Valve confirmed days ago that both the Steam Machine and Steam Frame will launch this summer, and has signaled that it had to rethink prices because of RAMageddon. Even if they’re pricey, though, they may sell out quickly.

#Valve #imported #tons #headsets #dayGaming,News,PC Gaming">Valve just imported 13 tons of VR headsets in one dayOn June 10th, the German container ship Posen docked in Los Angeles after a two-week voyage from Shanghai. As Valve watcher Brad Lynch notes, it was almost certainly carrying the first mass production shipments of the Steam Frame, Valve’s new gaming headset.Import records show that Valve’s distribution partner Ceva offloaded nearly 32 metric tons of “Virtual Reality Devices” on Valve’s behalf — or roughly 13 tons of actual product, after you subtract the roughly 3,700 kilogram weight of five 40-foot shipping containers.Speaking of the Steam Machine, Valve’s stockpile may now have grown to 141 metric tons, as that’s roughly how much “Game Consoles” product has arrived in 12,600kg containers since April 23rd.And it looks like Valve probably received three shipments of Steam Deck handhelds in May, two on May 18th and one on May 30th, judging by how those containers had the higher gross weight of 14,500kg. That’s generally how heavy Valve’s “Game Console” containers were before the Steam Machine was announced.13 tons isn’t actually a lot of VR headsets, of course, but perhaps more of them fit into a container than the Steam Machine console. They each weigh 654g (roughly 1.44lb) with a pair of wand controllers; back-of-the-napkin math suggests we’re probably talking about fewer than 20,000 units right now.There might not be that many Steam Machines in the US yet, either: 141 metric tons could easily be fewer than 50,000 units at their higher 2.6kg weight per console, not counting any controllers or cables.Valve confirmed days ago that both the Steam Machine and Steam Frame will launch this summer, and has signaled that it had to rethink prices because of RAMageddon. Even if they’re pricey, though, they may sell out quickly.#Valve #imported #tons #headsets #dayGaming,News,PC Gaming

Valve watcher Brad Lynch notes, it was almost certainly carrying the first mass production shipments of the Steam Frame, Valve’s new gaming headset.

Import records show that Valve’s distribution partner Ceva offloaded nearly 32 metric tons of “Virtual Reality Devices” on Valve’s behalf — or roughly 13 tons of actual product, after you subtract the roughly 3,700 kilogram weight of five 40-foot shipping containers.

Speaking of the Steam Machine, Valve’s stockpile may now have grown to 141 metric tons, as that’s roughly how much “Game Consoles” product has arrived in 12,600kg containers since April 23rd.

And it looks like Valve probably received three shipments of Steam Deck handhelds in May, two on May 18th and one on May 30th, judging by how those containers had the higher gross weight of 14,500kg. That’s generally how heavy Valve’s “Game Console” containers were before the Steam Machine was announced.

13 tons isn’t actually a lot of VR headsets, of course, but perhaps more of them fit into a container than the Steam Machine console. They each weigh 654g (roughly 1.44lb) with a pair of wand controllers; back-of-the-napkin math suggests we’re probably talking about fewer than 20,000 units right now.

There might not be that many Steam Machines in the US yet, either: 141 metric tons could easily be fewer than 50,000 units at their higher 2.6kg weight per console, not counting any controllers or cables.

Valve confirmed days ago that both the Steam Machine and Steam Frame will launch this summer, and has signaled that it had to rethink prices because of RAMageddon. Even if they’re pricey, though, they may sell out quickly.

#Valve #imported #tons #headsets #dayGaming,News,PC Gaming">Valve just imported 13 tons of VR headsets in one day

On June 10th, the German container ship Posen docked in Los Angeles after a two-week voyage from Shanghai. As Valve watcher Brad Lynch notes, it was almost certainly carrying the first mass production shipments of the Steam Frame, Valve’s new gaming headset.

Import records show that Valve’s distribution partner Ceva offloaded nearly 32 metric tons of “Virtual Reality Devices” on Valve’s behalf — or roughly 13 tons of actual product, after you subtract the roughly 3,700 kilogram weight of five 40-foot shipping containers.

Speaking of the Steam Machine, Valve’s stockpile may now have grown to 141 metric tons, as that’s roughly how much “Game Consoles” product has arrived in 12,600kg containers since April 23rd.

And it looks like Valve probably received three shipments of Steam Deck handhelds in May, two on May 18th and one on May 30th, judging by how those containers had the higher gross weight of 14,500kg. That’s generally how heavy Valve’s “Game Console” containers were before the Steam Machine was announced.

13 tons isn’t actually a lot of VR headsets, of course, but perhaps more of them fit into a container than the Steam Machine console. They each weigh 654g (roughly 1.44lb) with a pair of wand controllers; back-of-the-napkin math suggests we’re probably talking about fewer than 20,000 units right now.

There might not be that many Steam Machines in the US yet, either: 141 metric tons could easily be fewer than 50,000 units at their higher 2.6kg weight per console, not counting any controllers or cables.

Valve confirmed days ago that both the Steam Machine and Steam Frame will launch this summer, and has signaled that it had to rethink prices because of RAMageddon. Even if they’re pricey, though, they may sell out quickly.

#Valve #imported #tons #headsets #dayGaming,News,PC Gaming
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk.

But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire.

TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This article will be continually updated with all of the latest SpaceX IPO news.

The latest on the SpaceX IPO

SpaceX shares opened at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares keep rising too (which we will update here). In midday trading, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%.

There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic on its trading platform in the hours after SpaceX’s historic public markets debut.

SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said a “merger between SpaceX and Tesla might make Elon’s life a little easier.”

Among the winners are the banks, which have brought in about $500 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.

Musk took to X, the social media company he owns, to share his appreciation of SpaceX employees as the stock rose. “I love the incredible people of SpaceX beyond words,” he wrote Friday afternoon. He also reposted a number of SpaceX IPO related posts, including a photo of insiders all wearing green shoes in what appears to be a nod to “the green shoe option.” This is a provision in an IPO underwriting agreement that lets underwriters to sell up to 15% more shares than originally planned if demand is strong.

To get a deeper look into what happened today, and all the far-ranging implications of SpaceX now being a publicly traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a special episode of our Equity podcast, which you can listen to right here or via your podcast player of choice, or queue it up on YouTube here.

How to track the SpaceX IPO

With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on Nasdaq and you can see the official Nasdaq listing here, which will have the price of record as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell, if that’s your thing.

But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.

The SpaceX IPO, by the numbers

Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. 

For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025. That’s only a fraction of the more than $37 billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here.

Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires, according to the NYT.

Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO.

Who wins and who doesn’t

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO: The SpaceX IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.

How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of SpaceX — control that goes far beyond what other tech founders enjoy.

Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

What’s in the S-1

The S-1 registration document gave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division.

Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.

SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public.

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet.

Anthropic will pay xAI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20.

How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic.

Google will pay SpaceX $920M per month for compute: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.

This article originally published at 10 am ET, June 12, 2026. It has been updated with new coverage of the SpaceX IPO, share price, and other related events.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

#SpaceX #IPO #Live #updates #TechCrunchElon Musk,IPO,SpaceX,spacex ipo">SpaceX IPO: Live updates on everything you need to know | TechCrunch
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. 

But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at 5 each to raise  billion, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire.







TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This article will be continually updated with all of the latest SpaceX IPO news.

The latest on the SpaceX IPO

SpaceX shares opened at 0 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares keep rising too (which we will update here). In midday trading, SpaceX shares soared 30%. SpaceX shares closed at 0.95, up 19%.

There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic on its trading platform in the hours after SpaceX’s historic public markets debut. 

SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said a “merger between SpaceX and Tesla might make Elon’s life a little easier.”

Among the winners are the banks, which have brought in about 0 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.


Musk took to X, the social media company he owns, to share his appreciation of SpaceX employees as the stock rose. “I love the incredible people of SpaceX beyond words,” he wrote Friday afternoon. He also reposted a number of SpaceX IPO related posts, including a photo of insiders all wearing green shoes in what appears to be a nod to “the green shoe option.” This is a provision in an IPO underwriting agreement that lets underwriters to sell up to 15% more shares than originally planned if demand is strong.

To get a deeper look into what happened today, and all the far-ranging implications of SpaceX now being a publicly traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a special episode of our Equity podcast, which you can listen to right here or via your podcast player of choice, or queue it up on YouTube here.

How to track the SpaceX IPO

With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on Nasdaq and you can see the official Nasdaq listing here, which will have the price of record as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell, if that’s your thing.







But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.

The SpaceX IPO, by the numbers

Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. 

For instance, SpaceX lost .9 billion on revenues of over  billion in 2025. That’s only a fraction of the more than  billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here.

Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires, according to the NYT.

Elon Musk can’t hear you over the sound of his .75 trillion IPO: The Equity podcast weighs in on the IPO.

Who wins and who doesn’t

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk. 

Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO: The SpaceX IPO has boosted Musk’s paper wealth to more than ,000,000,000,000 at a time when he is more hated — and powerful — than ever.How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of SpaceX — control that goes far beyond what other tech founders enjoy.







Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle:  Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

What’s in the S-1

The S-1 registration document gave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than  billion in losses, and future business prospects through its xAI division.

Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.

SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public. 

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet.

Anthropic will pay xAI .25B per month for compute: Initial coverage of the Anthropic deal on May 20.







How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic.

Google will pay SpaceX 0M per month for compute: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.

This article originally published at 10 am ET, June 12, 2026. It has been updated with new coverage of the SpaceX IPO, share price, and other related events. 
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#SpaceX #IPO #Live #updates #TechCrunchElon Musk,IPO,SpaceX,spacex ipo

$160.95, up 19%.

There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic on its trading platform in the hours after SpaceX’s historic public markets debut.

SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said a “merger between SpaceX and Tesla might make Elon’s life a little easier.”

Among the winners are the banks, which have brought in about $500 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.

Musk took to X, the social media company he owns, to share his appreciation of SpaceX employees as the stock rose. “I love the incredible people of SpaceX beyond words,” he wrote Friday afternoon. He also reposted a number of SpaceX IPO related posts, including a photo of insiders all wearing green shoes in what appears to be a nod to “the green shoe option.” This is a provision in an IPO underwriting agreement that lets underwriters to sell up to 15% more shares than originally planned if demand is strong.

To get a deeper look into what happened today, and all the far-ranging implications of SpaceX now being a publicly traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a special episode of our Equity podcast, which you can listen to right here or via your podcast player of choice, or queue it up on YouTube here.

How to track the SpaceX IPO

With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on Nasdaq and you can see the official Nasdaq listing here, which will have the price of record as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell, if that’s your thing.

But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.

The SpaceX IPO, by the numbers

Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. 

For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025. That’s only a fraction of the more than $37 billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here.

Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires, according to the NYT.

Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO.

Who wins and who doesn’t

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO: The SpaceX IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.

How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of SpaceX — control that goes far beyond what other tech founders enjoy.

Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

What’s in the S-1

The S-1 registration document gave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division.

Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.

SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public.

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet.

Anthropic will pay xAI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20.

How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic.

Google will pay SpaceX $920M per month for compute: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.

This article originally published at 10 am ET, June 12, 2026. It has been updated with new coverage of the SpaceX IPO, share price, and other related events.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

#SpaceX #IPO #Live #updates #TechCrunchElon Musk,IPO,SpaceX,spacex ipo">SpaceX IPO: Live updates on everything you need to know | TechCrunch

SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk.

But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire.

TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This article will be continually updated with all of the latest SpaceX IPO news.

The latest on the SpaceX IPO

SpaceX shares opened at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares keep rising too (which we will update here). In midday trading, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%.

There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic on its trading platform in the hours after SpaceX’s historic public markets debut.

SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said a “merger between SpaceX and Tesla might make Elon’s life a little easier.”

Among the winners are the banks, which have brought in about $500 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.

Musk took to X, the social media company he owns, to share his appreciation of SpaceX employees as the stock rose. “I love the incredible people of SpaceX beyond words,” he wrote Friday afternoon. He also reposted a number of SpaceX IPO related posts, including a photo of insiders all wearing green shoes in what appears to be a nod to “the green shoe option.” This is a provision in an IPO underwriting agreement that lets underwriters to sell up to 15% more shares than originally planned if demand is strong.

To get a deeper look into what happened today, and all the far-ranging implications of SpaceX now being a publicly traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a special episode of our Equity podcast, which you can listen to right here or via your podcast player of choice, or queue it up on YouTube here.

How to track the SpaceX IPO

With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on Nasdaq and you can see the official Nasdaq listing here, which will have the price of record as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell, if that’s your thing.

But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.

The SpaceX IPO, by the numbers

Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. 

For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025. That’s only a fraction of the more than $37 billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here.

Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires, according to the NYT.

Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO.

Who wins and who doesn’t

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO: The SpaceX IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.

How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of SpaceX — control that goes far beyond what other tech founders enjoy.

Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

What’s in the S-1

The S-1 registration document gave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division.

Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.

SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public.

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet.

Anthropic will pay xAI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20.

How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic.

Google will pay SpaceX $920M per month for compute: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.

This article originally published at 10 am ET, June 12, 2026. It has been updated with new coverage of the SpaceX IPO, share price, and other related events.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

#SpaceX #IPO #Live #updates #TechCrunchElon Musk,IPO,SpaceX,spacex ipo

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