SpaceX sets $135 IPO price at $1.77 trillion valuation

SpaceX has set a fixed initial public offering (IPO) price of $135 per share, targeting a valuation of $1.75 trillion.The company plans to sell 555.6 million shares, aiming to raise $75 billion, with underwriters given the option to purchase an additional 83.33 million shares worth $11.2 billion.

IPO valuation insights

After the IPO, Elon Musk will retain over 82% of the voting control.

Goldman Sachs leads the underwriting team which includes Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.

This fixed price approach follows numerous pre-roadshow meetings to assess demand.

At $135 per share, SpaceX’s valuation would exceed that of Tesla, currently valued at about $1.6 trillion.

The company plans to debut on the Nasdaq under the ticker symbol SPCX on June 12.

According to updated SEC filings, SpaceX’s xAI unit purchased $269 million in Tesla megapacks earlier this year.

Tesla reported a $430 million sale of its giant batteries to xAI last year.

Musk has previously merged SpaceX with xAI, valuing the combined entity at $1.25 trillion.

🚨🇺🇸 HAPPENING NOW: @SpaceX preparing to launch a Falcon 9 with 24 @Starlink satellites from California.pic.twitter.com/h23FExD0PX

— Mario Nawfal (@MarioNawfal) June 3, 2026

Market expectations

Musk’s operations often overlap financially, including Tesla’s ownership of 18.99 million SpaceX shares, valued at $2.56 billion.

SpaceX aims to reserve 5% of its IPO stock for certain employees in a direct share program.

Discussions within Musk’s companies suggest a potential merger between SpaceX and Tesla might be on the horizon.

The anticipated IPO is poised to become the largest ever, tripling Alibaba’s record.

Pressure is increasing on other AI firms, like Anthropic and OpenAI, as they prepare for their own public offerings.