Elon Musk’s SpaceX is preparing to raise $75 billion in what could become the largest initial public offering in history, with the company planning to sell 555.6 million shares at $135 each, a source familiar with the matter told Reuters.
The proposed share price would give the rocket and satellite company a valuation of about $1.75 trillion, placing it among the world’s most valuable publicly traded companies. The offering is expected to begin trading on the Nasdaq under the ticker symbol SPCX as early as June 12.
Unlike most large stock market listings, SpaceX plans to set a fixed IPO price before its investor roadshow begins. The company is also allocating up to 30% of the shares to retail investors, an unusual move for a deal of this size.
The IPO will be structured as an all-primary offering, meaning all proceeds will go directly to SpaceX rather than existing shareholders. Investors and company insiders, including Musk, will be barred from selling shares for 366 days after the listing.
SpaceX plans to use the proceeds to fund expansion projects, including artificial intelligence infrastructure and its satellite business, following its merger with Musk’s AI venture xAI earlier this year.
The company generated $18.67 billion in revenue in 2025 but reported a net loss of $4.94 billion. Its satellite internet unit, Starlink, remains its only profitable segment, while the company continues to invest heavily in space launch systems, satellite networks and AI-related projects.
The offering is being led by major Wall Street banks including Goldman Sachs and Morgan Stanley. Analysts say the flotation could set a new record for global IPOs and test investor appetite for one of the most closely watched technology listings in recent years.
Faridah Abdulkadiri
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