SpaceX Files for $75 Billion IPO at $1.75 Trillion Valuation

SpaceX has filed for an initial public offering targeting a $75 billion raise, a move that would value the aerospace giant at approximately $1.75 trillion [1]. The company plans to sell 555.6 million shares at $135 each, with a potential listing on the Nasdaq under the ticker SPCX as early as mid-June [1].

This offering aims to be the largest in capital markets history, eclipsing the $25.6 billion raised by Saudi Aramco in 2019 [1]. The proceeds are earmarked to scale the Starlink satellite internet service, expand rocket launch capabilities, and fund artificial intelligence initiatives [1]. SpaceX estimates its total addressable market across these sectors at $28.5 trillion [2].

The filing also disclosed that SpaceX holds 18,712 Bitcoin, a figure significantly higher than previous estimates from analysts [2, 3]. This stash positions the company as one of the largest corporate holders of the cryptocurrency, alongside entities like Tesla and MicroStrategy [1, 2]. While the company has held Bitcoin since early 2021, the disclosure of the exact amount has drawn attention from crypto investors who view the stock as a potential proxy for digital asset exposure [2].

The company’s valuation has surged rapidly, climbing from roughly $210 billion in mid-2024 to $800 billion by late 2025, driven by private tender offers [1]. With a confidential SEC filing submitted in April 2026 and a formal prospectus released on May 20, the upcoming roadshow—scheduled to begin around June 5—will be the next major test for the company [1]. Institutional investors are expected to scrutinize the valuation multiple against the company's actual revenue and profitability figures, which are now public for the first time [1].

For traders looking for early exposure, Coinbase has already launched a perpetual futures contract tied to the company’s private valuation, which is expected to transition into a standard product once the stock begins trading [1]. Whether the market supports a $1.75 trillion valuation will depend on how investors weigh the promise of Mars colonization and global connectivity against the reality of the company's financial disclosures.