SpaceX Prices Record US Dollars 75 Billion IPO at US Dollars 135 a Share

June 12, 2026

Mintesinot Nigussie

SpaceX has priced its initial public offering at US dollars 135 per share, raising a record US dollars 75 billion and valuing Elon Musk's space and satellite company at about US dollars 1.77 trillion, the company said on Thursday.

The offering, comprising 555.6 million Class A shares, is expected to begin trading on Friday under the ticker symbol SPCX, making it the largest public offering on record and surpassing the previous benchmark set by Saudi Aramco's 2019 listing.

The company has granted underwriters a 30-day option to purchase an additional 83.3 million shares. If fully exercised, the offering would generate a further US dollars 11.25 billion, increasing total proceeds to US dollars 86.25 billion.

At the IPO price, SpaceX would rank among the world's most valuable publicly traded companies. The company, which operates the Falcon launch programme and the Starlink satellite internet network, plans to use proceeds to support expansion of its space launch, satellite and artificial intelligence businesses.

The IPO has drawn strong investor demand, with analysts viewing the listing as a key test of market appetite for large-scale technology offerings. Some analysts, however, have cautioned that the valuation reflects ambitious growth expectations and significant future capital expenditure requirements.

The offering follows the US Securities and Exchange Commission's declaration of effectiveness for the company's registration statement on June 11. SpaceX has also put in place prospectus and distribution arrangements for investors in several international markets, including Canada, parts of Europe, Australia and Japan.