Overview
- The company plans a mid‑June listing, expected on June 12, that aims to raise about $75 billion by selling roughly 555 million shares at an indicative $135 per share.
- At the reported price the deal would value SpaceX near $1.7 trillion and make it the largest IPO in history, surpassing Saudi Aramco.
- SpaceX reported $18.7 billion in revenue and a $4.9 billion net loss for 2025, which implies a valuation of roughly 90–100 times trailing revenue and raises questions about price rationality.
- The offering bundles multiple businesses — rocket launch operations, the Starlink satellite network, the social network X and SpaceX’s AI units — concentrating diverse risks under one market valuation.
- Unusual market mechanics, including a sizable retail allocation and potential rapid inclusion in major indices, could force large passive‑fund purchases and magnify short‑term volatility even as investor demand appears strong despite Elon Musk’s controversial public profile.