SpaceX Sets Historic $75 Billion IPO at $135 Share Price

SpaceX has officially set its initial public offering price at $135 per share, aiming to raise approximately $75 billion and value the company at roughly $1.75 trillion. The unprecedented offering, set to begin trading on the Nasdaq next week, will surpass Saudi Aramco’s 2019 sale to become the largest IPO in history. Rather than following the traditional price-discovery process, SpaceX published a fixed price over a week in advance and is considering allocating up to 30% of shares to retail investors through major trading platforms. The deal would immediately establish SpaceX as one of the world’s most valuable public companies and could propel founder Elon Musk, who retains over 80% voting control, to become the first trillionaire.

The announcement comes alongside detailed financial disclosures revealing $18.7 billion in recent revenue but a $4.9 billion net loss, largely driven by heavy investments in artificial intelligence and orbital infrastructure. SpaceX has evolved from a launch provider into a sprawling conglomerate encompassing Starlink satellite internet and xAI. While analysts note the valuation is exceptionally high compared to current earnings, the company argues its aggressive expansion into AI data centers and lunar operations justifies the premium. The IPO also arrives as other major AI firms like Anthropic and OpenAI prepare for their own market debuts, raising questions about whether investor appetite can sustain multiple trillion-dollar offerings simultaneously.