SpaceX plans to price IPO at $135 per share, targets record $75 billion raise: Report – CNBC TV18
Elon Musk’s SpaceX is preparing for what could become one of the biggest initial public offerings (IPOs) in history. According to sources familiar with the plan, the company intends to set its IPO price at $135 per share, aiming to raise an unprecedented $75 billion from investors.
SpaceX plans to sell approximately 555.6 million shares, which would give the company an estimated valuation of $1.75 trillion. If successful, this would make it one of the most valuable companies ever to go public.
In an unusual move, SpaceX reportedly plans to fix the IPO price before beginning its official investor roadshow. Most companies normally announce a price range first and then adjust the final price based on investor demand. This decision highlights the company’s confidence in attracting strong interest from investors.
The roadshow is scheduled to begin this Thursday and is expected to draw significant attention from both institutional and retail investors.
What Makes This IPO Different?
SpaceX is taking a unique approach to its public debut. Reports suggest that up to 30% of the shares could be allocated to individual retail investors, giving everyday investors a larger opportunity to participate than is typical in major IPOs.
The offering is expected to be an all-primary share sale, meaning the money raised will go directly to SpaceX rather than existing shareholders. Current investors will not be able to sell their shares during the IPO.
Additionally, Elon Musk is expected to keep his SpaceX shares for at least 366 days after the IPO, a move designed to reassure investors of his long-term commitment to the company.
How Will SpaceX Use the Funds?
The company plans to use the proceeds to expand several major projects, including:
- Growing its AI computing infrastructure
- Expanding the Starlink satellite internet network
- Developing future space technologies
- Supporting long-term ambitions related to Mars exploration
Earlier this year, SpaceX merged with Musk’s artificial intelligence company, xAI, in a deal that valued the combined businesses at approximately $1.25 trillion.
Why Are Investors Interested?
Many investors view SpaceX as more than just a rocket company. Its Starlink satellite business has become a major revenue generator and is currently the company’s strongest profit-producing segment.
SpaceX also promotes ambitious future projects involving artificial intelligence, space-based data centers, and advanced space exploration technologies. These long-term opportunities are a major part of its growth story.
Financial Picture
SpaceX generated $18.67 billion in revenue during 2025, but the company reported a net loss of nearly $4.94 billion for the year.
For the first quarter of 2026, revenue increased to $4.69 billion, up from $4.07 billion a year earlier. However, losses also widened during the same period.
Because the company is not currently profitable, investors are largely betting on future growth rather than present earnings.
Potential Risks
While excitement around the IPO is high, analysts note that much of SpaceX’s future valuation depends on technologies and markets that are still being developed.
Corporate governance is another concern for some investors. The planned dual-class share structure is expected to give Musk and a small group of insiders significant voting control over the company even after it becomes publicly traded.
What Happens Next?
SpaceX is expected to begin trading on the Nasdaq under the ticker symbol SPCX. Sources indicate that the market debut could take place around June 12.
The offering is being led by major Wall Street banks, including Goldman Sachs, Morgan Stanley, Bank of America Securities, Citigroup, and J.P. Morgan.
If successful, the SpaceX IPO could pave the way for other highly anticipated public offerings from leading AI companies and mark the beginning of a new wave of mega IPOs.
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