SpaceX has announced plans to raise up to $75 billion through an initial public offering (IPO) later this month, setting the stage for the largest stock market listing in history.
The company, formally known as Space Exploration Technologies Corp, stated it will offer 555.6 million shares priced at $135 per share. The historic offering is set to grant SpaceX a total market valuation of $1.77 trillion and position it among the 10 most valuable companies listed in the United States.
Elon Musk will not sell any of his personal shares in the offering and is expected to retain an 82.4 percent voting majority in the company.
SpaceX is set to begin its investor roadshow on Thursday, with the IPO expected to be priced on June 11 and shares scheduled to start trading on the Nasdaq the following day.
During the roadshow, the company and its underwriters will meet with potential investors to gauge demand and determine an appropriate price range for the offering, relying on market conditions and investor feedback.
Ahead of the roadshow, SpaceX held a series of preliminary meetings with investors, during which it signaled a target valuation of around $1.75 trillion. However, some investors reportedly viewed the company’s worth more conservatively, suggesting a valuation of $1.5 trillion or lower.
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SpaceX has few comparable publicly traded peers, making valuation more challenging due to the limited number of listed space companies and its diversified operations spanning aerospace, telecommunications, and defense.
In 2025, the company reported a net loss of $4.94 billion, despite a 33 percent increase in revenue to $18.67 billion.
