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SpaceX is reportedly seeking a $1.77 trillion valuation ahead of a potential IPO, highlighting strong investor confidence in its satellite, launch, and space infrastructure businesses. Investor enthusiasm reflects a growing belief in the long-term expansion of the space industry. SpaceX shares are expected to trade on the New York-based Nasdaq stock exchange from June 12.
Elon Musk’s SpaceX is targeting a valuation of nearly $1.77 trillion in its blockbuster initial public offering (IPO), paving the way for the largest stock market debut in history. In a filing with the US Securities and Exchange Commission on Wednesday (June 3, 2026), SpaceX said that it plans to sell 555.6 million shares at $135 apiece, raising approximately $75bn. Musk, who holds a roughly 42 percent stake in SpaceX, is poised to become the world’s first trillionaire upon the public offering next week.
The Texas-based firm’s decision to set a specific share price ahead of its IPO marks a break from usual practice. Companies preparing for a public listing usually announce a preliminary price range that can be adjusted based on investor interest.
“The genuine surprise is that SpaceX fixed a price before the investor roadshow began,” Fabien Yip, a market analyst at online trading and investment company IG Group, told Al Jazeera.
Despite the public listing, Musk will retain effective control of SpaceX with more than 82 percent of voting rights, the result of a dual-class stock structure that grants certain shares 10 votes instead of one.
SpaceX is expected to have a hefty weighting in the S&P 500 due to its sheer size, which means most people with investment accounts or pension pots will be exposed to its stock market performance.
The SpaceX IPO represents a huge moneymaking opportunity for bankers. Last month, Goldman Sachs was selected as the lead bank for the IPO, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also among the 23 banks working on the listing.
SpaceX could surpass energy giant Saudi Aramco’s 2019 debut, which raised $26bn at a valuation of $1.7 trillion. This huge valuation would make SpaceX the world’s seventh-largest company by market capitalization, ahead of Musk’s electric-vehicle maker Tesla and social media giant Meta, and just behind Taiwanese chipmaker TSMC.
Musk has outlined lofty ambitions for SpaceX, including establishing a ‘self-sustaining’ city on Mars, 'making life multiplanetary’, and 'extending the light of consciousness to the stars’.
Also Read: Space Stocks Pull Back as Musk Clarifies xAI Deals Ahead of SpaceX Mega IPO
SpaceX reported a net loss of $4.9 billion on revenue of $18.7 billion in 2025, followed by a $4.3 billion loss in the first quarter of this year. Jay R. Ritter, an emeritus professor at the University of Florida who specialises in IPOs, said the SpaceX IPO differs from Saudi Aramco’s blockbuster listing because the state-owned oil company had a track record of generating large revenues and profits.
“SpaceX, in contrast, has trailing annual revenue of less than $20bn and is not profitable. So, one company’s valuation was – and is – based on its demonstrated profitability, while the other company’s valuation is based on potential. With SpaceX, there is a risk that cash flows will be used to send hundreds of thousands of people to Mars, at a loss,” Ritter told Al Jazeera.
SpaceX has also joined competitors such as Anthropic and OpenAI in the race to scale up AI technology. The company acquired Musk’s xAI in a move to build out solar-powered infrastructure to meet the energy demands of this AI era.
Founded by Musk in 2002, SpaceX is best known for designing and launching rockets, spacecraft, and reusable launch vehicles for NASA and private companies. The company also provides internet services and artificial intelligence models through its Starlink and xAI divisions.
