SpaceX IPO Tests Investor Faith in Musk at $1.75 Trillion Valuation

SpaceX has filed plans for an initial public offering that would value the company at 1.75 trillion dollars and raise more than 74 billion dollars if shares sell at the targeted price. The company set a share price of 135 dollars in its amended filing, a move that comes unusually early and signals strong confidence ahead of the expected June 12 trading debut on Nasdaq.

This offering would dwarf the previous record set by Saudi Aramco in 2019, which raised 25.6 billion dollars. SpaceX aims to sell enough shares to bring in 74.4 billion dollars, a sum larger than every U.S. IPO combined over the past two years according to market analysts. The valuation marks a sharp increase from the 1.25 trillion dollars placed on the firm earlier this year.

Elon Musk holds roughly half the company, which would place his stake near 752 billion dollars at the proposed price. That figure would position him as the first known trillionaire once additional holdings are tallied. SpaceX operates the rockets and ground systems that support its Starlink satellite network, a business that has drawn steady government contracts alongside commercial launches.

The early price disclosure stands out because most companies wait until the day before trading begins to lock in a final number. SpaceX instead revealed the 135 dollar target well in advance, leaving room for last-minute adjustments based on investor demand. Final pricing is scheduled for June 11.

Data from Dealogic shows that nearly half of companies that went public over the past three decades saw their share values fall after the debut. SpaceX has not yet disclosed how much of the raised capital would go toward new manufacturing, satellite production, or debt reduction. The filing did reveal details on major customers, including technology firms that rely on SpaceX launch services.

Musk's wealth would surge past every other individual on record if the offering succeeds at the stated level. SpaceX quietly submitted draft registration papers with regulators months ago, and the latest update has drawn attention for both its size and timing. The company has grown rapidly through a mix of private investment rounds and public contracts, yet questions remain over whether the 1.75 trillion dollar figure reflects sustainable earnings or market enthusiasm.

Trading begins next week, and any shift in buyer interest could alter the outcome before shares hit the open market.