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SpaceX has priced its initial public offering at $135 per share, aiming to raise $75 billion in what is characterized as the largest public offering in history. The offering values the company at approximately $1.75 trillion to $1.77 trillion and is scheduled to begin trading on the Nasdaq under the ticker SPCX on June 12. Elon Musk will retain 82.4% of the company's voting power, as he is not selling any of his personal shares in the deal.
The IPO has generated significant interest from both institutional and retail investors, with reports of $100 billion in retail orders alone. Despite this demand, some market analysts have expressed skepticism regarding the company's valuation, citing recent financial losses and comparing its growth metrics unfavorably to historical tech IPOs. The company's business model relies on its rocket launch foundation and Starlink satellite internet service, while future growth projections are tied to frontier technologies including AI, data centers in space, and Mars exploration.
SpaceX priced 555.6 million shares at $135 each, resulting in a $75 billion capital raise and a valuation of approximately $1.75 trillion.
The offering is set to be the largest public offering of all time, surpassing the $26 billion raised by Saudi Aramco in 2019.
Elon Musk will retain 82.4% of the company's voting power and is not selling any shares as part of the IPO.
SpaceX reported $18.7 billion in revenue for 2025 but also disclosed a $4.9 billion loss in its S-1 filing.
Trading is scheduled to commence on the Nasdaq under the ticker symbol SPCX on June 12.
SpaceX will trade on the Nasdaq under the ticker symbol SPCX.
Following the IPO, Elon Musk will retain 82.4% of the company's voting power.
The company's revenue is primarily driven by its rocket launch business and its Starlink satellite internet service.
Some analysts have questioned the high valuation relative to the company's revenue growth and recent financial losses.
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