555.6 Million Shares, An All-Primary Offering, Up To 30% Reserved For Retail Investors, A Fixed Price Set Before The Roadshow Even Begins, And A Debut Expected June 12 On Nasdaq Under Ticker SPCX. The SpaceX IPO Is Breaking Every Convention
According to Bloomberg and Reuters, SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, selling 555.6 million shares and targeting a valuation of $1.75 trillion. The deal would be the largest IPO on record, more than doubling the $29.4 billion raised by Saudi Aramco in 2019.
The move is a surprise break from tradition. A fixed price set ahead of the investor roadshow and bookbuilding is highly unusual; companies typically announce a price range, allow investor demand to shape it, and finalise pricing before trading begins. The roadshow begins June 4, with pricing on June 11 and a Nasdaq debut expected June 12 under the ticker SPCX.
The offering is structured as all-primary, meaning all proceeds go to the company and existing shareholders cannot sell. Musk will be required to hold his shares for 366 days after the IPO.
SpaceX clocked revenue of $18.67 billion in 2025 with a net loss of $4.94 billion, largely linked to its acquisition of xAI. The company is considering allocating up to 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping Musk’s following and broadening ownership. OpenAI and Anthropic are expected to follow to public markets in the coming months.
To check out our previous coverage on SpaceX, Elon Musk, and the commercial space sector, read our articles here.
