Elon Musk's SpaceX has announced its IPO share price. It wants to raise a record $75 billion
SpaceX is engaged in the delivery of cargo and people in orbit, as well as deploying a network of satellites for space Internet Starlink / Photo: X/SpaceX
Elon Musk's private space company intends to offer investors shares in the IPO at a price of $135 per paper. This follows from the company's updated prospectus published on the website of the US Securities and Exchange Commission (SEC).
SpaceX intends to place almost 555.56 million shares on the Nasdaq and Nasdaq Texas exchanges with the ticker SPCX. At placement at the announced price, the company will raise about $75 billion. This will be the largest initial public offering in history, notes Bloomberg. The entire business at the announced parameters will be valued at $1.77 trillion, the agency writes. This will immediately raise SpaceX in the top 10 most expensive public companies in the world: it will cost more than Tesla, which is also headed by Musk. The market value of the electric car manufacturer at the end of trading on June 3 was about $1.59 trillion.
The sale of SpaceX shares is scheduled for July 11, with trading of the securities on the stock exchange to begin the next day, Bloomberg News wrote, citing non-public terms of the deal. Musk, according to the prospectus, will retain 84.4 percent of voting rights after the IPO through Class B shares, which carry 10 votes versus one for each Class A share. After the listing, Musk will approach the status of the first trillionaire in history - a man with a fortune of $1 trillion. To overcome this bar, SpaceX shares will have to rise by only 2.2%, Bloomberg calculated.
Musk's decision to offer shares at a fixed price before gathering orders is almost unheard of for large IPOs in the U.S. - unlike listings in Europe and Asia, Bloomberg writes. Typically, companies announce a price band before investor presentations, and few turn down this opportunity to gauge demand and potentially build excitement by offering at or above the upper end of the band, the agency added.
The SpaceX listing will pave the way for other giant offerings expected this year: AI startups OpenAI (creator of ChatGPT) and Anthropic (developer Claude). Anthropic filed a confidential IPO in early June; its shares could begin trading on the stock exchange in October.
SpaceX posted a net loss of $4.94 billion in 2025 on $18.7 billion in revenue.
This article was AI-translated and verified by a human editor
