NEW YORK — SpaceX is set to launch what would be the largest initial public offering in history, with the rocket and satellite company planning to raise about $75 billion at a valuation of roughly $1.75 trillion.
The Elon Musk-led firm announced plans to sell approximately 555.6 million shares at $135 each, according to people familiar with the matter and company disclosures. The offering, under the ticker symbol SPCX on Nasdaq, is expected to begin trading as soon as Friday, June 12, 2026.
SpaceX, formally known as Space Exploration Technologies Corp., confidentially filed with regulators earlier and set the fixed price ahead of a shortened roadshow. The deal would surpass the previous record set by Saudi Aramco’s 2019 listing, which raised about $29 billion.
The company, which merged with Musk’s xAI artificial intelligence venture earlier this year at a $1.25 trillion valuation, has seen strong investor demand. Reports indicate the offering is oversubscribed, with institutional and retail orders exceeding the amount being raised.
SpaceX operates a range of businesses, including Falcon rockets and Dragon spacecraft for NASA missions, as well as the Starlink satellite internet constellation, which has driven much of its recent revenue growth. The company reported about $18.7 billion in revenue for 2025, though it has posted operating losses amid heavy investments in new projects, including AI-related infrastructure.
"This is a big step towards making life multiplanetary," Musk has previously described the company’s broader ambitions in public statements related to its mission.
The IPO comes as SpaceX continues development of its Starship vehicle for future lunar and Mars missions. Proceeds from the offering are expected to support infrastructure investments, including expanded launch capabilities and orbital data centers.
Musk, who founded the company in 2002 and maintains significant control through a dual-class share structure, stands to see his personal wealth rise substantially if the valuation holds. Details on exact post-IPO ownership and lock-up periods remain as disclosed in regulatory filings.
Some analysts have questioned the high valuation relative to current financials, with one research firm estimating a lower fair value, though market enthusiasm has been robust. SpaceX has not commented on those assessments.
Trading is scheduled to commence on Nasdaq, with the company monitoring market reception in the coming days. Additional details on the final allocation and any greenshoe option were not immediately available.
