SpaceX Sets $135 IPO Price at ~$1.77 Trillion Valuation

SpaceX set its IPO price at $135 per share in a filing on Wednesday and will sell 555,555,555 shares when trading begins on Nasdaq on June 12. 77 trillion and aims to raise about $75 billion. The fixed price bypassed the usual roadshow process because demand was already strong enough that investors would accept the terms offered, people close to the deal said.

The share count of 555,555,555 follows a pattern of numeric choices previously used by Elon Musk in filings and posts. SpaceX reported $7 billion in 2025 revenue, including its xAI acquisition. At the IPO price, Musk’s SpaceX stake would be worth roughly $840 billion.

Combined with his Tesla holdings, a successful IPO would make Musk the world’s first trillionaire with a net worth exceeding $1 trillion. SpaceX is allocating up to 30% of the offering for retail investors through platforms including Robinhood, Charles Schwab, and Fidelity. Retail buyers would receive shares at the same price and time as institutional investors, according to the prospectus.

The usual retail allocation in IPOs is 5% to 10%. Robinhood and SoFi allocate shares by lottery. Charles Schwab requires a $100,000 minimum for retail IPO shares, while Fidelity requires a $500,000 minimum.

Polymarket traders are pricing a 92% chance the listing occurs before June 15 and an 83% chance SpaceX finishes 2026 as the largest IPO by market cap. The valuation would surpass those of Tesla, Meta, and Berkshire Hathaway. OpenAI and Anthropic are both expected to hold IPOs this year at large valuations.