SpaceX to Go Public on Nasdaq at $135/Share in IPO Expected to Raise $75 Billion Despite $4.9 Billion Annual Loss

SpaceX will begin trading shares on the Nasdaq market on 12 June. The offering includes more than 550 million shares priced at $135 each and is expected to raise at least $75 billion. Space Exploration Technologies is the official name of the company, which currently operates as a privately held firm.

After the sale, Elon Musk will retain more than 80 percent of voting power. SpaceX operates launch services and satellite communications. It also owns the social media platform X and develops the AI system Grok.

The company pioneered reusable rockets. 9 billion. The prospectus states the firm has a history of net losses and may not achieve profitability in the future.

The IPO is the first of three planned AI-related listings this year. SpaceX is separate from Tesla, although the two companies may merge next year. Individual investors can apply to buy shares through certain platforms and brokers.

Shares will be allocated based on demand before trading begins. Elon Musk wants retail investors to buy some $23 billion of SpaceX shares. 75 trillion after the IPO.

Proceeds are intended for asteroid mining, Mars colonization, and orbital AI data centers.