SpaceX, the space exploration firm founded by Elon Musk, disclosed the pricing details of its upcoming IPO in an SEC filing on Wednesday. According to the filing, SpaceX set an IPO price of $135 per share, with a $75 billion offering of 555.6 million shares, and a Nasdaq listing date of June 12.
Since its founding in 2002, SpaceX has become a leader in commercial launch services and satellite internet through its Starlink program. Previously funded privately, the company has seen its valuation climb sharply, and the IPO will bring it to public shareholders.
A Fixed Price, Skipping the Price Range
Most large IPOs initially announce a price range to test investor demand during roadshows. SpaceX instead locked in a single price of $135, consistent with earlier reports. This unconventional move simplifies the process but signals strong confidence in market demand.
$1.77 Trillion Valuation, Overtaking Tesla
At $135 per share, SpaceX would have roughly 13.1 billion total shares outstanding, implying a market capitalization of $1.77 trillion. That would make it the seventh-most-valuable U.S. public company, trailing only Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta Platforms. Significantly, this valuation surpasses Tesla's current market cap of about $1.6 trillion—both companies are headed by Musk.
The IPO is set to be the largest ever for a commercial space company, setting a new valuation benchmark for the sector. The listing is scheduled for June 12, with the ticker symbol yet to be disclosed. The information comes from Jinshi, based on the publicly available S-1 filing.