Overview
- An amended SEC filing published Wednesday fixed the IPO price at $135 per share and said SpaceX will sell about 555.6 million Class A shares to raise roughly $75 billion.
- The pricing implies a market value near $1.77 trillion based on shares outstanding and would make the offering the largest single IPO raise if completed as proposed.
- Under a dual‑class structure disclosed in the filing, Elon Musk will keep roughly 82.4% of voting power, leaving public investors with limited influence over corporate decisions.
- SpaceX told investors it will use proceeds to fund Starship launches, expand Starlink satellite internet and scale AI and space data‑center plans after its earlier merger with xAI, while filings show Starlink is the only consistently profitable unit and AI operations have produced heavy losses and capex.
- Markets and regulators are watching liquidity and governance risks because the deal creates a relatively small public float, includes large retail allocations, names major banks as lead underwriters, and targets a Nasdaq start of trading next week subject to final approvals.