SpaceX has priced its initial public offering at $135 per share, putting the rocket company’s target valuation at $75 billion. The move, long anticipated by investors, signals that Elon Musk’s space venture is ready to open its books to the public market for the first time.
Wall Street’s Reception
Investment banks and institutional investors have signaled support for the offering, which is being described as both historic and potentially market-reshaping. The $75 billion valuation places SpaceX among the most valuable publicly traded companies in the aerospace sector, though the final price will be determined by demand during the book-building process.
What the Price Means
At $135 per share, the IPO values SpaceX at roughly 40 times its projected 2025 revenue, according to analysts’ estimates cited in the company’s filing. That multiple reflects the market’s bet on SpaceX’s Starlink satellite internet business and its dominance in commercial launch services. The company has not disclosed how many shares will be sold or the exact date of the offering.
Next Steps for the Offering
SpaceX’s prospectus remains under review by the Securities and Exchange Commission. The company has not announced a date for the IPO, though the pricing suggests a launch could come within weeks if regulatory approval proceeds smoothly. Investors are watching for any updates on the lock-up periods for existing shareholders and the allocation of shares among institutional and retail buyers.
