SpaceX priced its initial public offering at US$135 per share on Thursday, June 11, aiming to raise approximately US$75 billion [1, 2].
The offering marks the largest IPO in U.S. history. The capital injection is intended to fund the company's expansion into rocket, satellite, and artificial intelligence services [2].
Founded by Elon Musk, the rocket, satellite, and artificial intelligence firm is seeking a post-IPO valuation of US$1.77 trillion [3]. The pricing reflects significant investor demand for the company's aerospace and AI capabilities as it transitions from a private entity to a publicly traded one [1, 3].
Despite the massive scale of the offering, Musk maintains tight control over the organization. He is expected to hold 82 percent of the voting power after the offering is complete [3]. Additionally, the company has set aside 30 percent of shares for future issuance [3].
The financial impact on the company's founder is substantial. Once trading begins, Musk's net worth is projected to exceed US$1.1 trillion [3]. This wealth surge coincides with the company's push to integrate AI into its core orbital infrastructure and launch services [2].
SpaceX has dominated the private space sector for years through its reusable rocket technology. This public listing provides the liquidity necessary to scale those operations while pursuing high-cost AI research and development [2].
“The offering marks the largest IPO in U.S. history.”
This IPO represents a strategic shift for SpaceX, moving from a venture-backed private company to a public giant with a valuation that rivals the world's largest tech firms. By raising US$75 billion specifically for AI-driven services, SpaceX is positioning itself not just as a launch provider, but as a critical infrastructure player in the emerging intersection of aerospace and artificial intelligence.
