Overview
- Reports say SpaceX is preparing a late‑May prospectus, a roadshow in the week of June 8, and a June 11 event for about 1,500 retail investors across the US, Europe, and Asia.
- The company has confidentially filed IPO paperwork, according to multiple reports, and is said to be weighing a $1.75–$2 trillion valuation and raising $40–$80 billion, with some chatter about the unconfirmed ticker SPCX.
- SpaceX is discussing allocating up to roughly 30% of shares to individual investors, far above the usual 5%–10%, and its CFO has called retail participation “critical.”
- Pre‑IPO access is happening on private secondary markets such as Rainmaker, EquityZen, Forge, and Hiive, but participation is limited to accredited investors, often requires $50,000–$100,000 minimums, and the shares typically face 90–180 day lockups after listing.
- Reuters has reported 2025 revenue of about $15–$16 billion and roughly $8 billion in EBITDA, much of it from Starlink’s more than 10 million users, yet analysts note a $1.75 trillion price tag would imply very high multiples by public market standards.