On Wednesday, June 3, 2026, Elon Musk’s aerospace venture SpaceX disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it has officially fixed the initial public offering (IPO) price at $135 per share. The figure aligns exactly with what sources familiar with the matter had previously indicated, and the decision to directly announce a fixed price rather than first set a range and then narrow it through book‑building marks a decisive step in SpaceX’s listing process.
A Single Price Replaces Book‑Building
SpaceX plans to offer 555.6 million ordinary shares to the public. At $135 each, the total proceeds would reach $75 billion. In a standard IPO, a company normally agrees on a preliminary price range — say $120 to $140 — with its lead underwriters, then launches a roadshow. Over one to two weeks, the syndicate team introduces the company’s story to pension funds, mutual funds, sovereign wealth funds and other institutional investors through one‑on‑one meetings and group lunches, recording indications of interest at different price points. All demand data is aggregated through the book‑building process, and the final offer price is usually set within that range, sometimes even revised upward to the top end when demand is strong. SpaceX, however, bypassed that entire price‑discovery routine and straight up published $135 as the single offer price, eliminating the usual back‑and‑forth. Such an approach is uncommon for an offering of this size and leaves the market without a window into how demand shifts across price levels.
$1.77 Trillion Valuation Leaps into the Top Seven U.S. Stocks
On a fully diluted basis at $135 per share, SpaceX’s implied market capitalization would stand at $1.77 trillion. That valuation already surpasses the roughly $1.6 trillion market cap of Tesla, the electric‑vehicle maker also helmed by Musk. By that measure, SpaceX would rank as the seventh‑largest publicly traded company in the United States by market cap, behind only a handful of tech giants. For Musk personally, this would be the first time he controls two trillion‑dollar listed enterprises at the same time — a scenario with almost no precedent in modern capital markets.
SpaceX is scheduled to begin trading on the Nasdaq Global Select Market on Friday, June 12, 2026, under a ticker symbol to be announced shortly before listing. Final completion of the offering remains subject to SEC effectiveness of the registration statement and other customary closing conditions.