SpaceX Aims for Historic IPO Valuation of $1.77 Trillion
SpaceX plans to sell 555.6 million shares at $135 each in an initial public offering, targeting a valuation of nearly $1.77 trillion, potentially making it the largest IPO in history.
SpaceX is set to make a significant mark in the financial world with plans for an initial public offering (IPO) that could achieve a valuation of approximately $1.77 trillion. The Texas-based rocket company has announced its intention to sell 555.6 million shares at a price of $135 each, aiming to raise about $75 billion.
If successful, this IPO would position SpaceX as the seventh-largest company globally by market capitalization, surpassing both Tesla and Meta, and following only behind Taiwan's TSMC. The valuation could also eclipse Saudi Aramco's previous record debut, which raised $26 billion at a valuation of $1.7 trillion in 2019. Elon Musk, who owns a 42 percent stake in SpaceX, stands to become the world's first trillionaire as a result of this public offering, anticipated to begin trading on the Nasdaq on June 12.
Despite the public listing, Musk will maintain effective control over SpaceX, holding over 82 percent of the voting rights due to a dual-class stock structure. Unlike typical IPO procedures where companies provide a preliminary pricing range, SpaceX set a firm share price, reflecting Musk's confidence in strong investor demand. Analyst Fabien Yip noted this decision signifies Musk's firm control over the deal.
Founded in 2002, SpaceX is renowned for its work with NASA and private entities in designing and launching rockets and spacecraft, as well as providing services through its Starlink and xAI divisions. However, the company remains unprofitable, having reported a net loss of $4.9 billion on revenues of $18.7 billion in 2025 and an additional loss of $4.3 billion in early 2026. According to Jay R Ritter, an expert in IPOs, SpaceX's valuation hinges more on future potential rather than current profitability. He highlighted the contrast between SpaceX and Saudi Aramco, noting that the latter had a proven revenue track record. Nevertheless, positive market sentiment persists, with some investors projecting the company's market capitalization could reach $2.2 trillion on its first trading day.
SpaceX's debut is seen as the first of several high-profile IPOs in the current year, alongside anticipated listings from AI startups OpenAI and Anthropic, which are expected to contribute significantly to the value of the U.S. stock market amid a prevailing AI boom.
