Washington, June 3. Elon Musk-led SpaceX has unveiled plans for a historic stock market debut, aiming for a valuation of nearly $1.77 trillion in what could become the largest initial public offering (IPO) ever undertaken.
According to a filing submitted to the US Securities and Exchange Commission (SEC) on June 3, the aerospace company intends to offer 555.6 million shares priced at $135 each, raising about $75 billion from investors.
If achieved, the valuation would place SpaceX among the world’s most valuable companies, ranking seventh globally by market capitalisation. It would surpass Tesla and Meta and trail only a handful of corporate giants, including Taiwan Semiconductor Manufacturing Company (TSMC). The offering would also exceed the scale of Saudi Aramco’s record-breaking 2019 IPO, which raised $26 billion at a valuation of $1.7 trillion.
The public offering is expected to significantly boost Musk’s personal wealth. With an estimated 42 per cent stake in the company, he could become the world’s first trillionaire following the listing, which is scheduled to begin trading on the Nasdaq exchange on June 12.
Despite the IPO, Musk will continue to maintain effective control over SpaceX through a dual-class share structure that grants enhanced voting rights to certain shareholders. As a result, he is expected to retain more than 82 percent of the company’s voting power.
SpaceX’s decision to announce a fixed share price ahead of the offering departs from the conventional IPO process, where companies typically provide a price range that is adjusted based on investor demand.
Established in 2002, SpaceX has become a leading player in the space industry through its rocket launches, spacecraft development and reusable launch vehicle technology. The company also operates the Starlink satellite internet network and develops artificial intelligence products through its xAI division.
Musk has repeatedly outlined ambitious long-term goals for the company, including building a self-sustaining settlement on Mars and advancing humanity’s expansion beyond Earth.
However, the IPO will also test investor confidence in those ambitions, as the company remains unprofitable. SpaceX reported a net loss of $4.9 billion on revenue of $18.7 billion in 2025, followed by a further loss of $4.3 billion during the first quarter of 2026.
