SpaceX has set its initial public offering price at $135 per share, aiming to raise $75 billion in what would be one of the largest stock market debuts in history. The company is also targeting a valuation of $1.77 trillion — a figure that would make it the most valuable publicly traded company in the world by market cap on day one.
The price tag and the valuation
At $135 a share, SpaceX is pricing at a level that puts it well above most recent tech IPOs. The $1.77 trillion valuation is based on the number of shares offered and the expected demand. That number dwarfs the current market capitalizations of Tesla, Meta, and even Saudi Aramco, depending on the day's trading. The $75 billion raise would also set a record for an IPO, surpassing the $29.4 billion raised by Alibaba in 2014.
What AI integration means for the business
SpaceX has said the IPO involves AI integration, though the company hasn't detailed exactly how artificial intelligence will factor into its operations or revenue. Investors are left to guess whether the AI angle refers to its Starlink satellite constellation, its rocket guidance systems, or something new. The vagueness hasn't dampened enthusiasm — the offering is expected to be heavily oversubscribed.
What the money is for
The $75 billion is earmarked for expansion, including scaling up Starlink's broadband network and funding the Starship program. SpaceX has not said how much of the raise will go to existing shareholders vs. the company's own coffers. The IPO price was set after a series of private funding rounds that valued the company at roughly $180 billion as of late 2024.
SpaceX has not announced a trading date. The company's IPO is expected to list on a major U.S. exchange, but no venue or ticker symbol has been confirmed.
