SpaceX Plans $1-1.75T IPO, Aims for June Listing with $50-75B Raise

SpaceX is set to go public with an expected valuation of $1-1.75 trillion and will raise $50-75 billion. The company plans to allocate up to 30% of shares to retail investors, with a potential listing by June 2026. Some investors expect much of the IPO capital to flow to other Elon Musk-owned companies like Tesla and xAI.

SpaceX is planning a landmark initial public offering targeting a valuation of $1.75 trillion, with a June 2026 Nasdaq listing and a fundraising target of approximately $75 billion — which would make it the largest U.S. IPO on record . The company filed a confidential draft registration statement with the SEC on April 1, 2026. The offering is expected to allocate up to 30% of shares to retail investors, an unusually high proportion by IPO standards .

SpaceX's public market debut comes as the company has expanded well beyond rockets: Starlink now counts over 9 million subscribers globally, and the business includes defense services and an emerging AI infrastructure arm through its affiliation with xAI. As SpaceX goes public, capital flows to other companies in Elon Musk's portfolio — including TSLA — are expected to be a secondary market dynamic investors will track closely .

Adding further complexity to the SpaceX story, the company announced on April 21, 2026, that it had secured an option to acquire Cursor, the AI coding assistant, for $60 billion, or alternatively pay $10 billion for a partnership arrangement. Cursor's CEO Michael Truell had previously been in talks to raise $2 billion at a $50 billion valuation before SpaceX's offer materialized. The Cursor move signals SpaceX's ambition to build an AI-native software layer on top of its hardware and infrastructure businesses, raising questions about focus and capital allocation as the company heads into its IPO roadshow .

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