Elon Musk’s SpaceX has set a fixed initial public offering (IPO) price of $135 per share, valuing the aerospace and technology giant at approximately $1.77 trillion ahead of its planned debut on the Nasdaq stock exchange.
The company disclosed the pricing details in an updated filing with the U.S. Securities and Exchange Commission (SEC), marking a significant milestone in what is expected to become the largest IPO in U.S. history.
According to the filing, SpaceX plans to sell 555.6 million shares, raising about $75 billion from investors. Underwriters have also been granted an option to purchase an additional 83.33 million shares, potentially increasing the fundraising total by another $11.2 billion.
The offering would surpass the record set by Chinese e-commerce giant Alibaba in 2014 and cement SpaceX’s position as one of the world’s most valuable publicly traded companies.
At a valuation of $1.77 trillion, SpaceX would become the seventh-largest company in the United States by market capitalization, overtaking electric vehicle manufacturer Tesla, which currently has a market value of roughly $1.6 trillion.
The company is expected to begin trading on the Nasdaq under the ticker symbol SPCX on June 12.
The IPO filing also revealed the extent of Musk’s control over the company. Following the offering, the billionaire entrepreneur is expected to retain more than 82% voting control, ensuring continued influence over the company’s strategic direction.
Major Financial Institutions Back IPO
Leading the IPO are major Wall Street investment banks including Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase.
Unlike most companies that provide investors with a pricing range during the roadshow process, SpaceX opted for a fixed share price.
The filing also shed light on growing financial ties among Musk’s companies. SpaceX disclosed that its artificial intelligence subsidiary, xAI, purchased $269 million worth of Tesla Megapack battery systems in April. Tesla had previously reported selling $430 million worth of the large-scale energy storage systems to xAI last year.
Earlier this year, Musk merged SpaceX and xAI in a deal that valued the combined entity at approximately $1.25 trillion, further deepening operational and financial links across his business empire.
SpaceX also revealed that Tesla owns 18.99 million SpaceX shares, which would be worth approximately $2.56 billion at the proposed IPO price.
AI Public Listing Race
The IPO comes amid heightened investor interest in artificial intelligence and space technology firms. It also follows moves by leading AI companies to enter public markets, with Anthropic recently filing confidential IPO documents and OpenAI reportedly preparing a similar filing.
SpaceX’s public debut is expected to be one of the most closely watched market events of the year, providing investors with their first opportunity to directly invest in the company behind the Falcon rocket program, Starlink satellite internet network and future Mars exploration ambitions.SEO Title
