SpaceX Targets $75bn IPO at $1.75tn Valuation

NEW YORK — Elon Musk’s SpaceX is planning a record-breaking initial public offering (IPO) that could raise as much as $75 billion and value the aerospace and satellite communications company at approximately $1.75 trillion, according to a Reuters report citing sources familiar with the matter.

The planned offering would make SpaceX one of the most valuable publicly traded companies in the world and mark one of the largest IPOs ever attempted.

According to Reuters, SpaceX intends to sell about 555.6 million shares at a fixed price of $135 per share, a highly unusual move ahead of its investor roadshow. The company’s presentations to investors are expected to begin on Thursday.

SpaceX Adopts Unconventional IPO Strategy

Unlike most companies that set a price range before gauging investor demand, SpaceX is reportedly planning to fix its IPO price before the roadshow begins.

Market analysts say companies typically adjust pricing based on investor interest during the book-building process. However, Reuters reported that SpaceX’s approach reflects confidence in demand for the offering and Elon Musk’s strong influence among investors.

Weiheng Chen, a senior partner at U.S. law firm Wilson Sonsini Goodrich & Rosati, told Reuters that there is no regulatory restriction preventing the company from adopting such a strategy.

Reuters also reported that the size and structure of the offering could still change as discussions with investors progress.

IPO Proceeds to Fund Expansion Plans

According to Reuters, the IPO is expected to be structured as an all-primary offering, meaning proceeds will go directly to SpaceX rather than existing shareholders.

Sources cited by Reuters said the company plans to use the funds to expand its artificial intelligence computing infrastructure, strengthen its Starlink satellite network, and support other long-term growth initiatives.

The report also stated that Musk would be required to hold his SpaceX shares for at least 366 days after the listing, a move intended to reassure investors about his commitment to the company.

Earlier this year, SpaceX merged with Musk’s artificial intelligence startup xAI in a transaction that reportedly valued SpaceX at $1 trillion and xAI at $250 billion.

The company has increasingly linked its future growth strategy to AI-driven technologies, including ambitious concepts such as space-based data centres powered by solar energy.

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Mega IPO Could Reshape Public Markets

Reuters reported that the planned listing could trigger a new wave of large-scale technology IPOs after several years of subdued activity in global capital markets.

Industry observers expect companies such as OpenAI and Anthropic to explore public listings in the coming years, potentially adding trillions of dollars in market value to stock exchanges.

SpaceX generated revenue of $18.67 billion in 2025, according to figures cited by Reuters. However, the company reported a net loss of $4.94 billion during the year, compared with a profit of $791 million in the previous period.

Revenue for the first quarter of 2026 rose to $4.69 billion from $4.07 billion a year earlier, while losses widened significantly.

Analysts note that valuing SpaceX remains challenging because the company has no direct competitors with a similar mix of launch services, satellite communications, artificial intelligence ambitions, and future space exploration projects.

Research firm Morningstar recently estimated SpaceX’s value at approximately $780 billion, significantly below the proposed IPO valuation.

Despite concerns over valuation and corporate governance, Reuters reported that investor interest remains strong due largely to Musk’s track record with companies such as Tesla and his ability to attract retail investors.

SpaceX is expected to list on the Nasdaq under the ticker symbol SPCX, with a market debut reportedly targeted for June 12.

Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan are serving as joint book-running managers for the proposed offering.

Source: Reuters

Segun Lasisi

A Lagos-based journalist with a passion for disseminating factual information and a deep appreciation for good music, good food, movies, and beautiful cars. He hopes to travel the world someday, documenting its beauty and diverse cultures through his storytelling.