business
SpaceX Files for $75 Billion IPO at $1.5 Trillion Valuation
The company plans to sell 555 million shares in the largest IPO on record. Early investors and executives stand to gain billions based on a $1.5 trillion valuation.
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SpaceX filed documents Thursday to raise $75 billion by selling 555,555,555 shares of common stock at $135 each. The offering would exceed twice the previous record set by Aramco in 2019. 3 percent of Class A stock.
6 billion. Gracias founded Valor Equity Partners in Chicago in 1995 and has served on SpaceX’s board since 2010. He met Elon Musk through Silicon Valley and PayPal circles in the early 2000s after Musk sold PayPal to eBay.
Valor became one of the earliest major institutional investors in SpaceX and expanded its position while the company stayed private for more than two decades. The S-1 filing shows subsidiaries tied to xAI entered nearly $20 billion in lease agreements with Valor-affiliated entities for AI infrastructure and computing equipment, generating hundreds of millions of dollars in payments during 2025 and early 2026.
Luke Nosek, a PayPal alumnus and co-founder of Founders Fund, owns nearly 33 million SpaceX shares through direct holdings and Nosek Capital.
At the same valuation, his stake would be worth roughly $6 billion. 6 million shares. 3 billion.
Shotwell joined the company in 2002 as employee number 11. 37 million shares, valued at roughly $250 million at the planned valuation. Randy Glein holds about 278,000 shares, valued at about $50 million.
Business Insider reported the ownership figures and valuation estimates from the S-1 filing released Thursday.
