SpaceX is about to pull off something the IPO market has never seen. The company plans to raise $75 billion by selling roughly 555.6 million shares at $135 each, and it’s carving out 25 to 30% of that float for retail investors.
In English: individual investors could get access to somewhere between $19 billion and $22.5 billion worth of SpaceX stock. For context, most large IPOs reserve a measly 5 to 10% for retail. SpaceX is tripling that baseline, at minimum.
The numbers behind the biggest IPO ever
At a $135 share price, SpaceX’s post-IPO valuation lands in the range of $1.75 to $1.8 trillion.
Pricing is set for June 11, 2026, with shares expected to begin trading on June 12. The institutional roadshow kicked off around June 4, and SpaceX launched a dedicated website for individual investors complete with a prospectus and roadshow materials.
Demand has already reached approximately $150 billion. That’s roughly double the $75 billion in shares available. The offering is significantly oversubscribed before the first share changes hands.
To put the $75 billion raise in perspective, Saudi Aramco’s 2019 IPO raised about $25.6 billion and held the record for years.
Why retail allocation matters this much
The typical IPO playbook allocates the vast majority of shares to institutional investors: hedge funds, pension funds, mutual funds. A 25 to 30% retail allocation at this scale is unprecedented for a mega-cap listing.
The dedicated retail website and prospectus distribution before the institutional roadshow even wrapped up tells you where SpaceX’s priorities sit.
What this means for investors
The $150 billion in demand against $75 billion in supply means most people who want shares won’t get their full allocation. Investors who do secure shares at $135 could see immediate upside, but they could also be buying into a frothy opening where expectations are already priced to perfection.
A $1.75 to $1.8 trillion valuation prices in not just SpaceX’s current launch business, but the full future potential of Starlink’s global satellite internet network, the Starship program, and any downstream ventures.