Overview
- SpaceX will offer 555 million shares at $135 on June 12, selling roughly 4–5 percent of outstanding stock to raise about $75 billion and set a market valuation near $1.7–1.75 trillion.
- The company’s S-1 shows Musk keeps overwhelming control through a dual-class structure that gives him roughly 85 percent of voting power, limiting public shareholders’ influence on governance.
- Nasdaq changed rules so SpaceX could enter the Nasdaq-100 after about 15 trading days while S&P Global refused to speed S&P 500 inclusion, a split that affects when passive index funds might be forced to buy shares.
- Many European brokers including Trade Republic, Revolut, Deutsche Bank and ING are offering retail subscription access, and Bloomberg data suggest a sizable retail allocation which could heighten early demand and allocation uncertainty.
- Parallel crypto platforms have active prediction markets and tokenized pre-shares that pose legal and structural risks, Bloomberg disclosures show about ten U.S. officials hold SpaceX stakes, and the FAA is supervising investigations into a recent Starship incident, all adding regulatory and operational risk to the IPO story.