Overview
- SpaceX set the IPO at $135 per share to sell about 555.6 million newly issued Class A shares, targeting roughly $75 billion in proceeds and an implied valuation near $1.75–$1.77 trillion.
- The company expects shares to begin trading on Nasdaq under the ticker SPCX around June 11–12, 2026, subject to final approvals and underwriter allocations.
- Elon Musk will retain concentrated control after the offering, holding roughly 82.4% of voting power through a dual‑class structure that leaves public shareholders little governance influence.
- The deal is an all‑primary offering of new stock with long lockups for insiders, which creates a relatively small immediate free float and raises the risk of early price volatility and index‑ or ETF‑driven flows.
- SpaceX says proceeds will fund its Starship launch program, expand Starlink and finance AI and data‑center projects including assets from the xAI merger even as filings show net losses of about $4.9 billion on $18.7 billion revenue in 2025.