SpaceX Plans IPO at $135 Per Share, Aiming to Raise $75 Billion
SpaceX plans to set its IPO price at $135 per share, aiming to raise a record $75 billion, with a target valuation of $1.75 trillion. In an unusual move, the price is fixed before investor presentations. Proceeds will fund AI computing resources and satellite network expansion. Elon Musk will hold his shares for 366 days post-IPO.
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- 📰 Published: June 3, 2026 at 15:30
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(Central News Agency, New York, 2nd) According to sources, in a surprising move ahead of an investor conference, Elon Musk's SpaceX plans to set its Initial Public Offering (IPO) price at $135 per share, aiming to raise a record $75 billion.
The source told Reuters that the rocket and satellite communications company, Space Exploration Technologies Corp. (SpaceX), plans to sell 555.6 million shares. Two other sources said SpaceX's target valuation is $1.75 trillion.
After years of dormancy in large-cap IPOs, many high-profile private companies are preparing to test the public market, and SpaceX's listing is expected to lead this wave, followed by AI giants OpenAI and Anthropic.
SpaceX aims to set a record and break tradition with this IPO.
Fixing the issue price before presentations to investors and bookbuilding is an extremely rare practice.
Companies planning to list typically set a price range to define valuation expectations and allow for price adjustments based on investor demand. If demand is strong, the final price can be pushed to the top of the range or higher before the official listing.
SpaceX's investor conference is scheduled to start on the 4th. SpaceX has already held some 'testing the waters' meetings with investors.
Musk is rewriting the IPO playbook in many ways, from plans to give retail investors a more significant role in share allocation, pushing for early index inclusion, to structuring corporate governance to maintain strong founder control.
SpaceX's valuation relies on SpaceX dominating technologies and markets that do not yet exist, from Mars missions to AI data centers in space.
Sources indicate that the IPO is expected to be structured as an 'all-primary offering,' meaning all proceeds will go to the company, and existing SpaceX shareholders will not be able to sell any shares in the IPO.
One source said Musk will be required to hold his SpaceX shares for 366 days after the IPO, a signal to investors of his commitment to the company.
The source added that the IPO proceeds will be used for purposes such as expanding AI computing resources and SpaceX's satellite network.
However, as Reuters previously reported, SpaceX has tied much of its growth prospects to AI, and the company's plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centers in space, targeting a potential market worth $28.5 trillion. (Editor: Li Peishan) 1150603
The source told Reuters that the rocket and satellite communications company, Space Exploration Technologies Corp. (SpaceX), plans to sell 555.6 million shares. Two other sources said SpaceX's target valuation is $1.75 trillion.
After years of dormancy in large-cap IPOs, many high-profile private companies are preparing to test the public market, and SpaceX's listing is expected to lead this wave, followed by AI giants OpenAI and Anthropic.
SpaceX aims to set a record and break tradition with this IPO.
Fixing the issue price before presentations to investors and bookbuilding is an extremely rare practice.
Companies planning to list typically set a price range to define valuation expectations and allow for price adjustments based on investor demand. If demand is strong, the final price can be pushed to the top of the range or higher before the official listing.
SpaceX's investor conference is scheduled to start on the 4th. SpaceX has already held some 'testing the waters' meetings with investors.
Musk is rewriting the IPO playbook in many ways, from plans to give retail investors a more significant role in share allocation, pushing for early index inclusion, to structuring corporate governance to maintain strong founder control.
SpaceX's valuation relies on SpaceX dominating technologies and markets that do not yet exist, from Mars missions to AI data centers in space.
Sources indicate that the IPO is expected to be structured as an 'all-primary offering,' meaning all proceeds will go to the company, and existing SpaceX shareholders will not be able to sell any shares in the IPO.
One source said Musk will be required to hold his SpaceX shares for 366 days after the IPO, a signal to investors of his commitment to the company.
The source added that the IPO proceeds will be used for purposes such as expanding AI computing resources and SpaceX's satellite network.
However, as Reuters previously reported, SpaceX has tied much of its growth prospects to AI, and the company's plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centers in space, targeting a potential market worth $28.5 trillion. (Editor: Li Peishan) 1150603
FAQ
When is the SpaceX IPO?
The article does not specify an exact listing date, but investor presentations are scheduled to begin on the 4th.
Who can buy shares in the SpaceX IPO?
In addition to institutional investors, Musk plans to give retail investors a more significant role.
Why is the SpaceX IPO unusual?
Typically, companies set a price range and gauge demand, but SpaceX is fixing the price before investor presentations, which is highly unusual.