SpaceX Targets $1.77 Trillion Valuation in Record-breaking $75 Billion IPO

SpaceX aims to raise $75 billion in its record-setting initial public offering (IPO), valuing the company at $1.77 trillion. The company's shares are priced at $135 each.

SpaceX has set the terms for what would be the largest IPO in history, marketing 555.6 million shares at a fixed price of $135 apiece to raise roughly $75 billion . At that price the rocket and satellite company would carry a $1.77 trillion valuation, slotting in as the seventh-largest U.S. public company and edging past Elon Musk's TSLA .

The offering is set to debut on the Nasdaq on June 12 under the ticker SPCX, with underwriters holding an option for an additional 83.33 million shares worth about $11.2 billion . The deal would dwarf the prior record, Alibaba's $21.8 billion listing in 2014, and Musk is expected to retain more than 82% of voting control after the sale .

Proceeds are earmarked to fund SpaceX's launch cadence and the capital-intensive buildout of its Starlink satellite network . Investors will weigh the scarcity value of direct exposure to the dominant commercial launch provider against a valuation that prices in years of Starlink growth and assumes no execution stumbles, while S&P 500 index funds could face forced buying if SPCX later qualifies for inclusion.