SpaceX is planning an initial public offering priced at $135 per share to raise approximately $75 billion [1, 2].
This move represents a significant shift for the private aerospace giant, signaling its transition into a publicly traded entity with a valuation that would rival the world's largest corporations. By fixing the price before the marketing phase, the company is departing from standard Wall Street conventions to signal confidence in its growth trajectory.
To reach the $75 billion target [1], the company plans to sell roughly 555.6 million shares [3]. This offering would place the projected valuation of the company at $1.75 trillion [4]. The scale of the raise is intended to provide capital for continued growth, and expansion of its orbital and interplanetary ambitions.
Details regarding the lock-up period for CEO Elon Musk’s shares indicate a duration of 366 days [5]. This restriction prevents major insiders from selling their holdings immediately after the company goes public, which helps stabilize the stock price during the initial trading period.
Reports said the company is nearing its roadshow, the series of presentations used to attract institutional investors before the official launch. The decision to set a specific price of $135 [2] ahead of this process is rare for an IPO of this magnitude. Most companies typically establish a price range and finalize the exact cost based on investor demand during the roadshow.
SpaceX has remained a private company for most of its existence, relying on private funding rounds to fuel the development of its Falcon and Starship rockets. Transitioning to the U.S. public market would provide the company with a new mechanism for liquidity and capital acquisition as it scales its operations.
“SpaceX is planning an initial public offering priced at $135 per share”
A $1.75 trillion valuation would make SpaceX one of the most valuable companies in the world, reflecting investor confidence in its dominance of the launch market and the potential of its Starlink satellite internet constellation. By bypassing traditional IPO pricing mechanisms, Musk is attempting to control the narrative of the company's value, potentially reducing the volatility typically seen when high-profile tech companies first hit the public market.
