SpaceX Targets Record-Breaking IPO With Proposed $1.75 Trillion Valuation
SpaceX has unveiled a proposed share price ahead of its highly anticipated stock market debut, setting the stage for what could become the largest initial public offering (IPO) in history.
According to regulatory filings, the aerospace company is proposing a share price of $135, a valuation that would place the company at approximately $1.75 trillion. The figure represents a significant increase from its earlier estimated valuation of about $1.25 trillion this year.
The proposed pricing remains preliminary, as the final value will ultimately be determined by investor demand once trading begins. Shares could be priced higher or lower depending on market conditions.
SpaceX is expected to begin trading on the Nasdaq exchange on June 12, with plans to raise approximately $75 billion through the offering. If achieved, the fundraising effort would surpass the current IPO record held by Saudi oil giant Saudi Aramco, which raised $25.6 billion in 2019.
The early disclosure of a proposed share price is considered unusual in the IPO market, where companies typically reveal pricing details shortly before trading commences.
Founded and led by Elon Musk, SpaceX has evolved beyond rocket manufacturing and space exploration into a broader technology conglomerate. The company also controls satellite internet provider Starlink and artificial intelligence firm xAI.
If the shares debut at or above the proposed price, SpaceX would immediately rank among the world’s most valuable companies. The listing could also significantly boost Musk’s personal wealth, given his majority ownership stake in the company.
Despite investor enthusiasm, analysts note that the valuation remains ambitious. Market experts have pointed out that SpaceX is being valued largely on its future growth potential rather than its current profitability.
Financial filings show that SpaceX generated $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. During the first quarter of this year, the company reported $4.7 billion in sales and a net loss of $4.3 billion. Its balance sheet lists more than $100 billion in assets alongside over $60 billion in debt.
The company continues to invest heavily in multiple sectors, including satellite communications, artificial intelligence, data infrastructure, and long-term space development projects.
Earlier this year, SpaceX expanded its AI ambitions by acquiring xAI, the artificial intelligence company behind the Grok chatbot. Musk has repeatedly argued that space-based infrastructure could play a key role in supporting future AI development, including plans for satellite-powered computing networks and orbital data centres.
The upcoming listing arrives as major technology firms increasingly seek fresh capital to fund growing investments in AI. Companies across the sector are racing to expand computing infrastructure and develop next-generation artificial intelligence products, making SpaceX’s market debut one of the most closely watched financial events of the year.
