SpaceX Prices IPO at $135 to Raise About $75 Billion

Overview

• SpaceX set a $135 per-share offering in SEC filings on Wednesday and is targeting roughly $75 billion in new capital that would value the company near $1.75–1.77 trillion.
• The company plans investor presentations in early to mid-June, expects to set a final price on June 11 and aims to begin trading around June 12 on Nasdaq under the ticker SPCX.
• SpaceX told regulators it will use the proceeds to expand AI computing and Starlink satellite infrastructure, increase launch capacity and to pay part of a US$20 billion bridge loan within six months.
• The offering preserves overwhelming founder control through a dual-class share structure that would leave Elon Musk with roughly 84% of voting power and push his net worth near US$988 billion, drawing criticism from shareholder groups over weakened investor protections.
• Analysts and investors are sharply divided about the price with Morningstar valuing SpaceX at about US$780 billion, while the company pitches long-term AI and orbital-data projects that industry observers say are unproven and raise technical and financial risk even as the deal could prompt more large AI-focused listings.