SpaceX plans to set its IPO price at 135 dollars per share, aiming to raise a record 75 billion dollars through the sale of approximately 555.6 million shares, according to Reuters. The offering would value Elon Musk's space company at around 1.75 trillion dollars.
The SpaceX deal would be the largest initial public offering in history, more than doubling the 29.4 billion dollars raised by Saudi Aramco in 2019. The all-primary offering will trade on Nasdaq under the ticker symbol SPCX.
The debut is currently targeted for June 12, 2026, with investor presentations expected to begin this week. Setting a fixed price more than a week before expected trading is an unusual departure from typical IPO practices, where companies normally set a price range and adjust based on investor demand.
The company completed a five-for-one stock split in mid-May, bringing private market shares down to approximately 105 dollars per share. The IPO price of 135 dollars represents a 30 percent premium above the most recent private market valuation.
SpaceX's pitch to investors centres on a future where artificial intelligence represents the vast majority of its total addressable market. The company operates Starlink, the world's largest satellite internet constellation, alongside its launch business.
BNY Wealth has simultaneously raised its year-end target on the S&P 500 to 8,000, with chief investment officer Alicia Levine writing that the risk is to the upside with plenty of volatility from stubborn inflation and climbing yields.
The SpaceX IPO is expected to generate enormous investor demand and could reshape the landscape of public technology offerings. Market analysts note that a successful listing at this scale would represent a watershed moment for both the space industry and capital markets.