SpaceX is preparing to launch its initial public offering (IPO) with a fixed price of $135 per share, according to a source familiar with the matter. This pricing strategy is notable as it deviates from the typical approach of offering a price range to gauge investor demand, instead opting for a set price after a series of testing-the-waters meetings prior to the roadshow launch [1].
The company plans to sell 555.6 million shares, resulting in an offering size of $75 billion. At the $135 per share price, SpaceX would achieve a valuation of $1.75 trillion, assuming the completion of the EchoStar spectrum and Cursor transactions [1]. This valuation would make SpaceX the seventh-largest company in the United States, surpassing Tesla, which currently has a market capitalization of about $1.6 trillion [1]. SpaceX is scheduled to debut on the Nasdaq under the ticker symbol SPCX on June 12, marking what is set to be the largest IPO in history—more than three times the size of Alibaba's record-setting U.S. IPO [1].
The IPO comes amid heightened activity in the technology sector, with AI companies such as Anthropic and OpenAI also preparing for public listings. Anthropic recently filed its IPO prospectus confidentially, while OpenAI is expected to do so in the coming weeks [1]. SpaceX's own SEC filings, including an amended prospectus submitted on Monday, revealed billions in losses and highlighted Elon Musk's significant ownership stake. The company also plans to reserve up to 5% of IPO shares for purchase by certain employees and individuals through a direct share program [1].
There is ongoing speculation about Elon Musk's long-term intentions, with discussions reportedly taking place about a potential combination of SpaceX and Tesla. According to a current Tesla employee, this topic is openly discussed internally, and the two companies have a history of sharing resources and personnel [1].
CONCLUSION
SpaceX's upcoming IPO at a $135 per share fixed price and $1.75 trillion valuation is poised to make history as the largest U.S. public offering. The debut is expected to have significant market impact, positioning SpaceX among the nation's largest companies and drawing attention amid a wave of high-profile tech IPOs. Investor interest is likely to be strong given the company's scale, sector leadership, and the involvement of Elon Musk.