SpaceX Sets June 12 IPO to Raise at Least $75 Billion

SpaceX will begin trading shares on the Nasdaq on 12 June in an initial public offering that seeks to raise at least $75 billion. The offering includes more than 550 million shares priced at $135 each. The company is currently privately held and will become one of the ten largest U.S. listed firms by market value once trading starts.

Institutions are expected to purchase a significant portion of the shares. Individual investors, including those outside the U.S., will be able to apply through certain brokers and investment platforms, with allocations determined by demand before trading begins. Even investors who do not buy shares directly may gain exposure if pension or index funds add SpaceX to their holdings.

SpaceX operates satellite communications, space exploration projects, and holds a stake in the social media platform X and the AI system Grok. The prospectus states the company has recorded net losses in the past and may not reach profitability. Last year the company reported $18.6 billion in revenue and a $4.9 billion net loss.

The prospectus also outlines plans to mine asteroids, establish a presence on Mars, and place AI data centers in orbit. Analysts note that the share price could rise or fall quickly once trading starts, depending on how the market values the company's ambitious projects.

SpaceX is separate from the electric vehicle maker Tesla, though reports indicate the two companies may merge next year. The offering is the first of three large AI-related listings expected in 2026.