SpaceX Targets Record $75 Billion IPO With $1.77 Trillion Valuation

SpaceX is aiming to raise $75 billion in what would be the largest initial public offering in history, according to reporting from Bloomberg and the BBC, with the company setting an early price for buyers as it moves closer to a stock market debut. At the proposed price of $135 a share, SpaceX would be valued at about $1.75 trillion to $1.77 trillion, placing Elon Musk’s company among the most valuable firms in the world.

The offering, first reported by Bloomberg and echoed by the BBC and other outlets, would involve roughly 555.6 million shares. Bloomberg reported that SpaceX is using the fundraising to support its rocket, satellite and artificial intelligence businesses, while the BBC said the company set a target price earlier than expected. That unusual timing suggests SpaceX is trying to shape investor expectations before the formal pricing process is complete.

If completed at the stated size, the deal would eclipse the previous record for the biggest IPO, which is widely associated with Saudi Aramco’s listing. Business Insider described the planned sale as a record-breaking effort that could surpass that benchmark, while Bloomberg called it the biggest stock market debut of all time on a dollar-raised basis.

The move also highlights how central SpaceX has become to Musk’s wider business empire. Bloomberg reported that the company is positioning itself not just as a launch provider but also as an artificial intelligence and space infrastructure player, with the IPO prospectus tying its future growth to both launch services and AI-related ambitions. That broader pitch could matter for investors deciding whether the company’s valuation is justified.

At the same time, the structure of the deal appears designed to leave Musk firmly in control. Bloomberg reported that he would retain 84% voting control after the IPO, meaning public shareholders would get equity exposure without meaningful influence over the company’s direction. That governance setup is likely to draw scrutiny from investors and regulators as the listing approaches.

The listing would also be closely watched beyond SpaceX itself. Bloomberg noted that a successful debut could open the door for more large private companies to pursue so-called mega-listings, especially after a long stretch in which many tech firms stayed private for longer. For now, the company’s next key step is the actual pricing and launch of the offering, which will test whether investors are willing to back the world’s most valuable private aerospace company at the level SpaceX is seeking.