SpaceX Seeks $1.77 Trillion Valuation Ahead of Historic Initial Public Offering

SpaceX Announces Plans for Initial Public Offering

SpaceX, a Texas-based rocket company founded by Elon Musk in 2002, has filed plans to sell shares at $135 apiece as part of its initial public offering (IPO). The company aims to raise approximately $75 billion, which would value SpaceX at nearly $1.77 trillion.

According to the US Securities and Exchange Commission filing, SpaceX will sell 555.6 million shares, with Musk holding a roughly 42 percent stake in the company. This would make him one of the world’s first trillionaires upon the public offering next week.

The IPO is expected to take place on June 12, when SpaceX shares will trade on the New York-based Nasdaq stock exchange. Despite the high valuation, Musk will retain effective control of SpaceX with more than 82 percent of voting rights due to a dual-class stock structure.

SpaceX’s decision to set a specific share price ahead of its IPO is unusual, as companies typically announce a preliminary price range that can be adjusted based on investor interest. Market analysts note that this reflects Musk’s confidence in the deal terms and his control over the listing process.

The company has reported net losses of $4.9 billion in 2025 and $4.3 billion in the first quarter of this year, with revenue of $18.7 billion and less than $20 billion annually. This contrasts with Saudi Aramco’s 2019 IPO, which raised $26 billion at a valuation of $1.7 trillion.

Investors are betting on SpaceX’s future growth, with some pricing the company’s end-of-first-day market capitalization at $2.2 trillion. The IPO is part of three mega-IPOs expected this year, including AI startups and other companies.

Source: Al Jazeera