SpaceX targets $75B IPO that could make it the most valuable public company on Earth

SpaceX is swinging for the fences. The aerospace company founded by Elon Musk has set its sights on raising $75 billion in what would be the largest initial public offering in history, with plans to list on Nasdaq under the ticker SPCX as early as mid-June.

The company intends to sell 555.6 million shares at a fixed price of $135 each. That math implies a post-IPO valuation of approximately $1.75 to $1.77 trillion, which would place SpaceX in the rarefied air currently occupied by Apple, Microsoft, and Nvidia.

From private darling to public behemoth

SpaceX’s valuation climbed from roughly $210 billion in mid-2024 to $800 billion by late 2025, fueled largely by private tender offers that let early employees and investors cash out at increasingly eye-watering prices.

A confidential filing landed with the SEC in April 2026, followed by a prospectus disclosure on May 20. The roadshow is expected to kick off around June 5.

The proceeds are earmarked for expanding rocket launch capabilities, scaling the Starlink satellite internet service, and pushing into artificial intelligence initiatives.

For context, Saudi Aramco’s 2019 IPO raised about $25.6 billion and held the record for years. SpaceX is attempting to nearly triple that number in a single offering.

The Bitcoin angle crypto investors should watch

SpaceX holds over $600 million in Bitcoin, making it one of the larger corporate BTC holders alongside MicroStrategy, Tesla, and a handful of others.

Coinbase has launched a perpetual futures contract tied to SpaceX’s private valuation, settled in USDC. This gives traders synthetic exposure to SpaceX’s price movements before the stock actually begins trading. Once the company goes public, the contract is expected to transition into a standard futures product.

What this means for investors

At $135 per share, investors are paying for a future where Starlink becomes a global telecom utility, Starship dramatically reduces the cost of space access, and AI-related initiatives contribute meaningful revenue.

A successful SpaceX IPO at the target valuation could make Musk the world’s first trillionaire. Musk-adjacent assets, from Tesla to Dogecoin, tend to move on sentiment tied to his ventures.

Investors should watch the roadshow reception closely, particularly how institutional allocators respond to the implied valuation multiple relative to SpaceX’s actual revenue and profitability figures once they become public in the prospectus filings.

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