Breaking News: SpaceX Targets $1.77 Trillion Valuation in Upcoming IPO
Elon Musk’s company, SpaceX, aims for a valuation of nearly $1.77 trillion in its initial public offering (IPO). This would mark the largest stock market debut in history.
In a filing with the US Securities and Exchange Commission, SpaceX announced plans to sell 555.6 million shares at $135 each, aiming to raise about $75 billion. If successful, SpaceX would become the seventh-largest company globally by market capitalization, surpassing Tesla and Meta.
The IPO is set for June 12 on the Nasdaq stock exchange. Musk, who owns around 42% of SpaceX, could become the world’s first trillionaire following the offering. Despite going public, Musk will maintain control over SpaceX, holding more than 82% of voting rights through a dual-class stock structure.
This approach of fixing a share price before the investor roadshow is unusual. Analysts note it reflects Musk’s confidence in the deal. SpaceX has faced financial challenges, reporting a net loss of $4.9 billion in 2025. Investors are betting on future growth, with market sentiment strong despite the company’s lack of profitability.
