SpaceX has set a fixed price of $135 per share for its planned initial public offering, according to a filing with the U.S. Securities and Exchange Commission.
The company plans to sell 555.6 million shares, which would raise approximately $75 billion. Underwriters have the option to purchase an additional 83.33 million shares, potentially increasing the total proceeds by about $11.2 billion.
Valuation and Ownership
At the proposed IPO price, SpaceX would be valued at approximately $1.77 trillion, assuming the completion of the EchoStar spectrum and Cursor transactions referenced in the filing.
The valuation would place the company among the largest publicly traded firms in the United States by market capitalization.
The filing said Elon Musk will retain more than 82% voting control of the company following the offering.
Nasdaq Debut Planned
SpaceX intends to list on the Nasdaq under the ticker symbol “SPCX” and is targeting a market debut on June 12.
Goldman Sachs is serving as lead underwriter for the transaction, alongside Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase.
Unlike many IPO candidates that initially provide a price range, SpaceX opted to establish a fixed offering price following a series of investor meetings conducted before the official roadshow process.
Links to Tesla and xAI
The filing disclosed additional details regarding transactions between SpaceX and other companies controlled by Musk.
SpaceX said its xAI unit purchased $269 million worth of Tesla Megapack battery systems in April. Tesla had previously disclosed sales of $430 million worth of Megapacks to xAI during the prior year.
Earlier this year, Musk merged SpaceX with xAI in a transaction that valued the combined entity at approximately $1.25 trillion.
Tesla also owns 18.99 million SpaceX shares, which would be worth about $2.56 billion based on the proposed IPO price.
“We have historically collaborated with Tesla through commercial, licensing, and support agreements,” SpaceX said in the filing.
Potential Record-Setting Offering
The planned listing is expected to rank among the largest public offerings ever conducted in the United States.
SpaceX’s debut comes as investor interest in technology and artificial intelligence companies remains strong, with other major firms including Anthropic and OpenAI also pursuing potential public listings.
The company previously disclosed that up to 5% of the shares offered in the IPO could be reserved for certain employees and other eligible participants through a direct share program.
The upcoming public debut is also fueling speculation about future strategic relationships among Musk’s companies, which have maintained commercial partnerships and shared resources across several business segments.
