SpaceX Files to Raise $75 Billion in $1.77 Trillion IPO

Overview

• SpaceX filed to sell 555.6 million Class A shares at $135 each, targeting roughly $75 billion in proceeds and an implied market value near $1.77 trillion, with a planned Nasdaq and Nasdaq Texas listing under the symbol SPCX on June 12.
• Final pricing is scheduled after markets close on June 11 following a roadshow for institutional investors that began earlier this month.
• The deal preserves concentrated control through Class A (one vote) and Class B (10 votes) shares, with SpaceX saying Elon Musk will hold 93.6% of Class B stock and retain roughly the low‑80s percent of total voting power; some reports show a small discrepancy in the exact voting percentage.
• The IPO is being run by a 21‑bank syndicate led by Goldman Sachs and uses unusual mechanics for a U.S. listing, including a fixed single IPO price and plans to allocate a larger than normal share of the offering to retail investors.
• SpaceX’s prospectus sets out long‑range goals — lunar and Mars plans, higher‑speed Starlink satellites, orbital data centers and in‑house AI chips — and investor interest has been reported at multiple times the offer size, which could make this the largest IPO ever if the deal is completed as filed.