WASHINGTON — Discussions around SpaceX's initial public offering are advancing, with the company planning a Nasdaq debut that could value it at about $1.75 trillion and potentially make its founder and chief executive Elon Musk the world's first trillionaire.
SpaceX filed its S-1 registration with the U.S. Securities and Exchange Commission in May 2026. The company aims to raise up to $75 billion by offering approximately 556 million shares at $135 each, according to people familiar with the matter.
The offering, if completed as planned, would mark the largest initial public offering in history, surpassing the 2019 debut of Saudi Aramco. Trading under the ticker SPCX is targeted to begin on June 12, following pricing after market close on June 11.
Musk, who holds a significant ownership stake in SpaceX, currently has a net worth estimated at more than $800 billion. A successful IPO at the targeted valuation would add substantially to his wealth, pushing it past $1 trillion, primarily on paper, Forbes and other outlets have reported.
SpaceX, formally known as Space Exploration Technologies Corp., operates a rocket launch business and Starlink satellite internet service. The company has reported strong growth in Starlink subscribers but has also recorded substantial research and development expenses.
"SpaceX is set to go public this week targeting a $1.8 trillion valuation," one report noted, highlighting the scale of the potential debut. Details of the final pricing and demand remain subject to market conditions.
The IPO comes as SpaceX expands its ambitions, including plans related to satellite-based data centers for artificial intelligence applications. The company has faced scrutiny over its financials, including reported losses in some segments despite revenue growth.
Investors have shown strong interest, with reports indicating the offering is oversubscribed. Some analysts have questioned the high valuation multiples, while others point to the company's technological achievements and market position.
Musk also leads Tesla Inc. and other ventures. The SpaceX listing would give the public a direct way to invest in his space and satellite businesses for the first time.
As of June 11, 2026, preparations for the IPO continue, with final pricing expected later in the day and trading set to commence the following day, barring any last-minute changes. Further details on allocation and aftermarket performance will emerge post-listing.
