Overview
- SpaceX set the IPO price at $135 for 555.6 million shares on June 11, targeting about $75 billion in proceeds and an implied market value near $1.8 trillion, with trading to begin on Nasdaq under ticker SPCX on June 12.
- Banks leading the sale reported institutional demand far larger than available shares, while the company unusually reserved up to 30% of the tranche for retail investors.
- The offering has already shifted capital in markets as some investors sold risk assets to free cash for the IPO, a move linked in coverage to a near 10% fall in bitcoin since SpaceX’s public filing.
- SpaceX’s 2025 results showed roughly $18.7 billion in revenue and a near $4.9 billion net loss, and the company bundles Starlink, launch services and xAI in the public structure with Elon Musk retaining dominant voting control.
- If the valuation holds, analysts and outlets estimate Musk’s paper wealth could approach $1 trillion, a prospect that has drawn criticism from groups warning about concentrated wealth and prompted attention to potential index flows and other big AI IPO plans.