Space Exploration Technologies Corp. plans to raise up to $75 billion [1] in an initial public offering this month.
The move represents the largest stock-market debut in history. It signals a massive shift in how the aerospace industry accesses capital and could fundamentally alter the global wealth hierarchy by pushing founder Elon Musk's net worth above $1 trillion [1], [2].
SpaceX plans to raise up to $75 billion when it goes public this month, a spokesperson said [1]. While some reports indicate the IPO could launch as early as next week [2], other sources said the debut will occur later in June [1].
On Wednesday, Elon Musk said the company plans to list its shares at $135 each [3]. This pricing would value SpaceX at approximately $1.75 trillion [3]. The company intends to list these shares on a U.S. stock exchange to generate capital for its ongoing operations and growth [1].
Financial analysts note that the scale of the offering is unprecedented. A spokesperson for the company said the haul puts Musk on course to become the world's first trillionaire [2].
The timing of the offering comes as SpaceX continues to scale its launch capabilities and satellite constellations. The capital infusion is expected to support the company's ambitious goals for interplanetary travel, and expanded orbital infrastructure.
“SpaceX plans to raise up to $75 billion in an initial public offering”
A successful IPO of this magnitude would provide SpaceX with a massive war chest to accelerate the development of Starship and Starlink. Beyond the corporate balance sheet, the valuation creates a new benchmark for private aerospace companies and establishes a precedent for the first trillion-dollar individual fortune in history.
