SpaceX Prices Record $75 Billion IPO at $135 a Share, Potential $1.7 Trillion Valuation

SpaceX announced its IPO at $135 a share, valuing the company at $1.7 trillion. The record-breaking IPO has seen strong investor demand. SpaceX employees could become millionaires after the IPO

SpaceX priced what is set to be the largest IPO in history, selling 555.6 million shares at $135 apiece to raise roughly $75 billion at a valuation near $1.77 trillion. The offering would make SpaceX the seventh-largest US company by market capitalization, ranking above Elon Musk's TSLA, which is valued around $1.6 trillion.

The stock is scheduled to debut on the Nasdaq on June 12 under the ticker SPCX, with Musk retaining more than 82% voting control after the offering. Underwriters hold an option to purchase an additional 83.33 million shares at the IPO price, worth about $11.2 billion. Demand has been intense, with the book reportedly oversubscribed roughly fourfold as investors rotate toward equities amid crypto and tech jitters.

A successful listing would hand long-tenured employees a major liquidity event, with some poised to become millionaires, though skeptics question whether the valuation is stretched relative to disclosed fundamentals. Beyond SpaceX itself, the debut carries read-through for index funds that may be forced to add the name, and for the broader space and defense complex.