SpaceX Locks In $135 IPO Price for Record $75B Offering

HAWTHORNE, Calif. — SpaceX has set a fixed price of $135 per share for its upcoming initial public offering, targeting a $75 billion capital raise that would make it the largest IPO in U.S. history by a significant margin.

The price was confirmed by sources ahead of the formal roadshow, which is set to launch the week of June 8. SpaceX plans to sell 555.6 million shares under the ticker symbol SPCX on the Nasdaq, with listing expected around June 12.

Historic Scale

At $135 per share, SpaceX would carry a market capitalization of approximately $1.77 trillion — placing it among the seven largest companies in the United States and above Tesla, which trades at roughly $1.6 trillion. The $75 billion raise is more than three times the size of Alibaba's 2014 U.S. IPO, the largest to date.

Goldman Sachs is leading the offering as primary underwriter, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase rounding out the syndicate. SpaceX has negotiated banker fees well below the standard rate — reportedly less than 0.75% — though the banks are still expected to earn approximately $500 million from the transaction.

Musk Retains Commanding Control

Despite the massive capital raise, Elon Musk will retain over 84% of voting control of SpaceX after the offering. The company has also reserved up to 5% of IPO shares for employees, friends, and family — a notable employee-friendly allocation for a company that long resisted going public.

What the Capital Will Fund

SpaceX has stated that proceeds from the IPO will primarily fund its next generation of Starship development, AI infrastructure, and Starlink expansion. The company's Starship program completed its Flight 12 Block 3 test on May 22, and is now preparing for Flight 13 targeting a summer launch window.

Investors are expected to include institutional heavyweights alongside the retail allocation. An investor event for approximately 1,500 retail participants is planned for June 11, one day before the scheduled listing.

A Defining Moment

The SpaceX IPO marks a watershed event in the commercial space industry, bringing to public markets a company that has transformed launch economics and become the backbone of both NASA missions and U.S. national security infrastructure in orbit.

For Musk personally, the offering places his SpaceX stake at a valuation approaching the trillion-dollar threshold — underscoring the extraordinary scale of what began as a quixotic bet on reusable rockets two decades ago. With Starship development accelerating and Starlink generating recurring revenue, SpaceX enters its public era from a position of remarkable strength.