SpaceX Files for Record-Breaking $75 Billion Nasdaq IPO
SpaceX has filed for a historic IPO targeting a valuation of up to $2 trillion, aiming to fund AI infrastructure and Mars colonization.
Space Exploration Technologies Corp. (SpaceX) has filed for an initial public offering on the Nasdaq under the ticker SPCX, targeting a valuation between $1.75 trillion and $2 trillion. The company aims to raise approximately $75 billion by selling 555.6 million shares at a fixed price of $135, which would make it the largest IPO in history. Trading is expected to begin on June 12, 2026, following a roadshow that began on June 4.
The company has evolved into a conglomerate, merging with Elon Musk's xAI and the social platform X. While the Starlink satellite network is the primary profit driver—generating $4.4 billion in operating income in 2025—the consolidated enterprise reported a net loss of $4.9 billion that year due to aggressive spending on AI data centers and the Starship rocket program. Proceeds from the IPO are earmarked for orbital AI compute satellites, a semiconductor facility in Texas, and the eventual colonization of Mars.
Founder Elon Musk will maintain dominant control through a dual-class share structure, granting him approximately 82% to 85% of the voting power. His compensation includes a massive grant of up to 1 billion shares contingent upon reaching a $7.5 trillion market cap and settling one million people on Mars. While Nasdaq has fast-tracked the company's entry into the Nasdaq-100, S&P Global has declined to waive traditional requirements for inclusion in the S&P 500. The listing is viewed as a bellwether for other AI firms, including OpenAI and Anthropic, who are also preparing for public debuts.
