SpaceX IPO Prices at $135 Per Share, Targets Record $75 Billion Raise

Elon Musk’s SpaceX priced its initial public offering at $135 per share on June 3, 2026. The company plans to sell 555.6 million shares, raising approximately $75 billion and valuing SpaceX at $1.77 trillion. Trading begins June 12 on Nasdaq under ticker SPCX. This surpasses Saudi Aramco’s 2019 IPO as the largest ever.

Record IPO Size and Valuation

SpaceX will raise about $75 billion in gross proceeds from the primary offering alone. Underwriters hold an option to purchase an additional 83.33 million shares, which could add $11.2 billion if fully exercised. The company’s post-offering valuation of $1.77 trillion far exceeds all prior IPO records, including Alibaba’s offering by more than threefold.

What the Money Will Fund

SpaceX plans to use the proceeds for artificial intelligence development and rocket launches. The company reported 2025 revenue of $18.67 billion. Investor enthusiasm for Starlink satellite internet and the Starship rocket program drives the lofty valuation, as markets price long-term growth potential well above current sales.

Musk’s Wealth Surge

Elon Musk’s net worth could exceed $1 trillion after the IPO. His SpaceX stake alone is valued at approximately $866.5 billion. Additional wealth comes from Tesla holdings worth $355 billion and Tesla stock options valued at $100 billion. If realized, Musk could become the first person worth more than $1 trillion.

Investor Caution Amid Valuation Concerns

Some large investors are skipping the offering. The Finserve Global Security Fund cited a “difficult to justify” valuation and warned of a “rocky ride” for investors. Analysts at Reuters noted the deal upends Wall Street convention, with SpaceX’s revenue base modest compared to its $1.77 trillion valuation.

Final Thoughts

SpaceX’s $75 billion IPO at $135 per share makes it the largest ever, but the $1.77 trillion valuation is 95 times 2025 revenue. Investors should weigh growth potential against current financial performance before trading begins June 12.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.