SpaceX Announces Historic $75 Billion IPO, the Largest Ever
Elon Musk’s SpaceX revealed plans on Wednesday to raise a staggering $75 billion in what is set to be the largest initial public offering in history. The company filed documents with the Securities and Exchange Commission, valuing the rocket and artificial intelligence firm at an estimated $1.77 trillion.
The company, based in Starbase, Texas, plans to sell 555.6 million shares at a fixed price of $135 each. This move breaks with Wall Street convention by setting a price upfront rather than offering a range during the marketing phase. The offering is set to more than double the previous IPO record of $29.4 billion set by Saudi Aramco in 2019.
SpaceX intends to use the substantial capital injection to expand its AI computing infrastructure and Starlink satellite network. The company reported revenue of $18.7 billion in 2025, though it swung to a net loss of $4.94 billion as it invested heavily in new ventures. Musk is expected to retain control with 82.4% voting power after the IPO through special dual-class shares.
The blockbuster debut could make Musk, who currently owns half of SpaceX, the world’s first trillionaire when combined with his Tesla holdings. SpaceX is expected to begin formal marketing on June 4 and price the offering as early as June 11, with shares expected to trade on the Nasdaq under the ticker “SPCX” the following day.
Source: Bloomberg